Juventus may be the record-breaking Italian champion.
AC Milan is Italy's king of the Champions Cup.
Andriy Shevchenko stroked home the winning spot kick as Milan won its sixth Champions Cup title on Wednesday by beating Juventus 3-2 in a penalty shootout after a 0-0 tie in extra time.
Winner in 1963, 1969, 1989, 1990 and 1994, Milan edged the 27-time Serie A champion in a tense shootout in which five penalties were missed. Only Spain's Real Madrid with nine has won more titles.
Despite no goals in 120 minutes of soccer at a first ever all-Italian final, the atmosphere at Manchester United's Old Trafford was red hot as the match went into a penalty shootout in front of the Juve fans.
Juventus' French striker David Trezeguet was first up but his spot kick was saved by Dida. Serginio, Dida's Brazilian countryman, then put Milan 1-0 ahead.
Alessandro Birindelli hit the target for Juve and it stayed 1-1 as Clarence Seedorf, bidding to win the title with three different teams, saw his spot kick brilliant turned away by Gianluigi Buffon in the Juve goal.
Dida then saved from Uruguayan forward Marcelo Zalayeta but Buffon blocked a penalty from Kakha Kaladze with his legs.
Another Uruguayan, Juve defender Paolo Montero was next to miss as Dida again blocked his kick with his legs before Alessandro Nesta coolly fired his penalty past Buffon to put Milan 2-1 ahead.
Alessandro Del Piero made it 2-2 with a low shot and it was down to Shevchenko, the Ukrainian chasing his first major honor with the Rossoneri.
Facing the Juve fans, he took a long, confident run and drove the ball past Buffon before running to Dida so their could share their celebrations.
"I felt a lot of pressure when I moved to kick the decisive penalty," the Ukrainian said. "I tried to keep calm and win the duel with Buffon. I daren't miss it.
"It was the most important goal in my career, and my most important trophy ever," Shevchenko said. "For me it's a dream after a season plagued by injuries. It was a happy end. Now I feel exhausted."
Seedorf, the Dutch midfielder, who had previously won with Ajax Amsterdam in 1995 and Real Madrid in 1998, was in tears after the game despite the latest of his triumphs -- all achieved against Juventus.
"I'm so so happy, it's incredible, wonderful," an emotional Seedorf said before receiving his third winners medal. "The atmosphere -- it has been a great spectacle.
"I think at the end we deserved to win. The whole championship, we did great, great job."
Milan captain Paolo Maldini, whose father lifted the same trophy 40 years ago at Wembley, collected his fourth winner medal in six finals.
"The joy for tonight's victory is unbelievable," he said. "It was a great emotion 13 years after my first successful final with AC Milan. It's my first Champions Cup as captain and it was the greatest emotion ever.
"I'm just really proud and happy to be the captain of the team. It's a dream come true in Manchester. It feels like it was the first time it's the sixth time but it feels like it is the first. I feel a deep joy.
"It is so beautiful. It is a great honor that the name Maldini is linked to AC Milan."
Milan's triumph also meant that coach Carlo Ancelotti had also won the title as a player and a manager.
"The joy, the satisfaction of winning the cup is the very same, as a player and as a coach. I think we deserved it," he said.