The Uruguay international joined the Nerazzurri last summer from Atletico Madrid but endured a frustrating injury-plagued campaign.
Brazilian side Internacional have expressed an interest in signing Forlan provided the striker terminates his contract with Inter, which runs until June 2013.
"With regards to Forlan, we are close to agreeing to cancel his contract," Branca said to Gazzetta dello Sport.
The 33-year-old Forlan, who is also a reported target of Corinthians, scored two goals in 22 appearances for Inter last season.
Barcelona will wear this new home soccer jersey next season. They also have a new away jersey. Get them both.
The adidas Nitrocharge is the most talked about new cleat in years. It was released on May 15 and will take your pitch by storm.
The USA will wear their blue away jersey against Jamaica in their World Cup qualifier on Friday night.
Manchester City will try and win back the Premier League title with this new soccer jersey from Nike!
Neymar's move from Santos to Barcelona is no doubt the biggest summer transfer.
The hoop soccer jersey is classic and cool. The USA hooped jersey is perfect for every fan. Get in the Gear.
Support the USA national team with an official 2013 Centennial soccer jersey from Nike. Its Official.
England will debut their new away jersey against Brazil at the Maracana Stadium on Sunday. Get in the Gear
Germany is one of the top teams ever and they will play the US on Sunday.
The Nike Hypervenom is the latest cleat silo from Nike. It will change your game and is worn by the game's top players.