New York, August 5 - AC Milan have denied Fiorentina's accusations of foul play in their bid to sign Serb forward Adem Ljajic from the Florence club. Fiorentina director Paolo Panerai said Saturday that Milan had "broken the rules" by approaching Ljajic, who has a year left on his contract. Fiorentina issued a statement on their website Sunday saying that, while Panerai's comments were "personal reflections", they deemed Milan's bid for the 22-year-old to be "definitely late and certainly inopportune". "We have not done anything wrong," said Milan CEO Adriano Galliani after a 2-0 defeat to Chelsea in a friendly during a tour of the United States. "We limited ourselves to making an offer within the period of the transfer market". Galliani added that did not think it was possible for Milan to pursue talks with Fiorentina for Ljajic, after they offered eight million euros for the player. Fiorentina missed out qualifying for the Champion League preliminaries last term, finishing fourth behind Milan, who beat Siena 2-1 on the last day of the season with some controversial refereeing decisions going their way.