The Japan international arrived in Italy on Saturday after signing with the Italian giants following the expiration of his contract with Russian side CSKA Moscow.
He is poised to make his debut for the Rossoneri - who sit a disappointing 13th in the Italian top flight - against Sassuolo on Jan. 12 and the midfielder is hopeful he can make a difference for Massimiliano Allegri's ailing side.
"I'm happy to be here and I’m very excited," Honda, 27, told Milan's official website.
"I'm ready to play. I'm looking forward to meeting my new teammates. I think I can give a lot, something more to the team.
"I've been waiting here for this for a long time. It's a dream come true, AC Milan has always been a legendary club for me, I followed them as a child.
"Football is my life and I hope to play well. I can play in any position and I want to score as well as create goals. I want to play in attack but it doesn't matter where."
Milan returns to Serie A action on Monday when Atalanta visits San Siro, but Honda - who is set to have his medical on Sunday - will not feature in the match.