Inter chairman Steven Zhang reportedly asked Conte to cut his wage bill by 15 to 20 per cent and quite possibly sell players worth up to £70m during this summer’s transfer window.
Zhang arrived at Inter’s headquarters to continue talks with senior staff on Wednesday morning.
Conte was keen to keep hold of up to eight players, who he sees as ‘untouchables’ which include Milan Skrinar, Romelu Lukaku and Lautaro Martinez.
Lukaky is happy at Inter, however Conte’s departure, coupled with the club needing to cut costs due to their financial issues, has cast doubt over his status at the club.
The club’s strategy, could include the sale of one of the club’s main players and shift the focus on developing young talent within the sides academy.
Lazio manager Inzaghi is waiting in the wings to replace Conte at the San Siro. The former Italy striker has been in charge of the Rome club since 2016 and led them to a sixth-place finish this season, finishing six points above ferocious local rivals Roma.
England wicketkeeper Ben Foakes will miss the two Tests against New Zealand in June after picking up a hamstring injury, whilst opener Haseeb Hameed and keeper Sam Billings have both been included in England’s squad.
Nottinghamshire’s Hameed played three Tests in 2016, during England’s tour of India before several inclined years but has impressed for his county so far this season.
Kent’s Billings is a regular in the limited-overs sides but remains uncapped at Test level.
England face New Zealand in two Tests, with the first Test starting on 2 June at Lord’s, followed by the second Test on 10 June at Edgbaston.
Foakes’ injury means that Gloucestershire’s James Bracey is expected to make his Test debut as England’s wicketkeeper at Lord’s a week on Wednesday.
Bracey, 24, was acting as both the keeping and batting reserve in the initial 15-man squad, but with him now more than likely to be in the starting eleven, Chris Silverwood’s side required cover for both.
Ben Stokes (broken finger) and Jofra Archer (elbow) are both injury absentees.
Updated England Squad: Joe Root (Yorkshire), James Anderson (Lancashire), Sam Billings (Kent), James Bracey (Gloucestershire), Stuart Broad (Nottinghamshire), Rory Burns (Surrey), Zak Crawley (Kent), Haseeb Hameed (Nottinghamshire), Dan Lawrence (Essex), Jack Leach (Somerset), Craig Overton (Somerset), Ollie Pope (Surrey), Ollie Robinson (Sussex), Dom Sibley (Warwickshire), Olly Stone (Warwickshire), Mark Wood (Durham).
In an official statement released on Tuesday, Uefa said: “Following an investigation conducted by Uefa ethics and disciplinary inspectors in connection with the so-called ‘Super League’ project, disciplinary proceedings have been opened against Real Madrid, Barcelona and Juventus for a potential violation of Uefa’s legal framework.
“Further information will be made available in due course.”
The other nine clubs who were set to be involved in the breakaway league – Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur, AC Milan, Inter Milan and Atletico Madrid – have been penalised by European football’s governing body for their association with the ESL.
They have agreed to make a combined 15m euro (£13.4m) goodwill contribution to benefit children’s and grassroots football across Europe.
They will also have 5% of Uefa competition revenues withheld for one season, starting in 2023-24, and this money will be redistributed, including in the UK.
Each has also committed to Uefa and its competitions, with the clubs facing fines of 100m euros (£86.9m) apiece if they seek to join an unauthorised competition in the future. They will be fined half that if they breach any other terms of the declaration.
Real Madrid president Florentino Perez, who was appointed as chairman of the European Super League, said recently that the 12 clubs that agreed to take part in the project all having “binding contracts” and “cannot leave”
With Atletico Madrid’s La Liga winner Kieran Trippier, Manchester City’s Premier League champion Kyle Walker and Chelsea’s Reece James also in the provisional squad, one of them is highly likely to miss out of Southgate’s final 26-man side.
Goalkeepers Ramsdale, of Sheffield United, and West Brom’s Johnstone, plus centre-backs Godfrey of Everton as well as Brighton’s White, are all hoping to win their first caps for their country, if they make the final cut next week.
Two teenagers are included and they are; – Borussia Dortmund’s 17-year-old midfielder Jude Bellingham as well as Arsenal’s 19-year-old winger Bukayo Saka.
England come up against Croatia (Sunday, 13 June – 14:00 BST), Scotland (Friday, 18 June – 20:00) and the Czech Republic (Tuesday, 22 June – 20:00) in Group D with all of the Three Lions’ matches taking place at Wembley.
“Nuno has brought us some incredibly special moments at Wolves that will never be forgotten but every chapter comes to an end.
“His loyalty and dedication over the last four years has been immeasurable and we cannot thank him enough for the progress he has made for Wolves.
“Sunday was already going to be a very special day, welcoming our supporters back for the first time in more than a year, but it will also now be a fitting goodbye for someone who will forever remain an important part of Wolves history.”
Manager Brendan Rodgers said: “Firstly, in terms of what Wes has given me since I’ve been here, it’s been immeasurable really. I always knew it was going to be important for my senior players and, in particular, my captain to be on side in terms of the vision of how we wanted to go forward.
“He’s provided me with fantastic support. On the pitch, his career was obviously coming to an end, but he still played a very important role for me, even though he wasn’t playing every single week. He has a warrior sprit.
“He really sets the example on the pitch for the other players. Then, off the pitch, he’s a real good guy. A lot of the younger players can go to him and talk to him. He’s very calm. In moments where there’s pressure or stress, he’s a guy who’s just calm and focused.
“From my own perspective, he’s been a huge part of what I’ve done in this two-and-a-half years at Leicester City. His career as a whole, it’s been an incredible journey. I’d seen him playing when he was at Forest and came up against him in the play-off semi-final for Swansea City.
“It’s important for captains to be selfless. They have to think of everyone, not just themselves. They’re huge influences for the young guys. You really have to take care of the team, that’s your job as the captain and he’s done that remarkably well.
“He’s the type of captain who’s an old-school British captain, where they’re very inspirational. He’s a centre-half who leads by example. He wins his headers. He puts his body on the line. There’s no questions asked. He gives his all for the manager and he takes care of the team.
“When he joined the Club, it probably wasn’t an easy move, going from Nottingham Forest to another Midlands team. There’s very few players that could make that transition and be loved by both teams, but he’s certainly that guy.
It was great for me to get to know him. I’d known of him for a number of years without knowing him personally, but when I arrived in here, I’ve seen what he’s given the Club.
“I’ll always be forever grateful for his support during my time here.”
Leicester, who are aiming for a Champions League place for next season, conclude their campaign against Tottenham on Sunday afternoon and their match kicks off at 16:00 BST.
Bamba, who has been at the Cardiff City Stadium since 2016, had spoken of his “pure joy” at returning to training in April, although he did say at the time that there was “still a long way to go” in his recovery.