| Club: | Milan |
| Season: | 1994–95 |
| Manager: | Fabio Capello |
| Chairman: | Silvio Berlusconi |
| Chrtitle: | President |
| Stadium: | San Siro |
| League: | Serie A |
| League Result: | 4th (in 1995-96 UEFA Cup) |
| Cup1: | Coppa Italia |
| Cup1 Result: | Round of 16 |
| Cup2: | UEFA Champions League |
| Cup2 Result: | Runners-up |
| Cup3: | Supercoppa Italiana |
| Cup3 Result: | Winners |
| Cup4: | European Super Cup |
| Cup4 Result: | Winners |
| Cup5: | Intercontinental Cup |
| Cup5 Result: | Runners-up |
| League Topscorer: | Marco Simone (17) |
| Season Topscorer: | Marco Simone (21) |
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| Prevseason: | 1993–94 |
| Nextseason: | 1995–96 |
Associazione Calcio Milan lost their supremacy of Italian football, finishing just fourth in Serie A, also losing the Champions League final to Ajax. Marco van Basten was forced to end his career due to an ankle injury, and the lack of goals scored was the main difference between Milan and champions Juventus, and even though Milan scored more goals than in 1993–94, the defensive line was not as unassailable as the season before.
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| FW | loan ended | ||||||
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| DF | £2,5m[1] | ||||||
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| GK | loan ended | ||||||
| DF | loan ended | ||||||
| DF | loan ended | ||||||
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| FW | Daniele Guerzoni | ||||||
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| MF | loan | ||||||
| DF | loan | ||||||
| MF | loan | ||||||
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| FW | [2] | ||||||
| MF | loan | ||||||
| DF | loan | ||||||
| DF | loan | ||||||
See main article: 1994–95 Serie A.
See main article: 1994–95 Coppa Italia.
See main article: 1994 Supercoppa Italiana.
See main article: 1994–95 UEFA Champions League.
See main article: 1994–95 UEFA Champions League knockout stage.
See main article: 1995 UEFA Champions League Final.
See main article: 1994 Intercontinental Cup.
See main article: 1994 European Super Cup.