Tha players of AC Milan and Silvio Berlusconi celebrate after winning the Berlusconi Trophy during the Berlusconi Trophy match between AC Milan and Juventus FC at Giuseppe Meazza Stadium on August 21, 2011 in Milan, Italy.

Former Italy prime minister?Silvio Berlusconi has confirmed that he will soon regain the presidency of the Serie A champions.

"I will take back AC Milan's presidency as soon as possible," he told reporters. "I am the president who has won the biggest number of titles in the world.

There are rumors circulating Berlusconi that the billionaire tycoon could rejoin Milan since his resignation as Prime Minister of Italy this month amid Italy's economic turmoil.

Berlusconi bought Milan in 1986 and the club won 28 trophies during his reign, including eight Serie A championships and five European Cups.

Despite overseeing the club during one of the the most successful periods in their history, Berlusconi was forced to take a back seat in 2006 due to a conflict of interest with his role as Prime Minister of Italy.

Since Berlusconi gave up the presidency of the club, his lieutenant, Adriano Galliani, has been in charge with the title of "general administrator".