Feature: Kaka in action
AC Milan are struggling to keep hold of star midfielder Kaka as reports emerged that Real Madrid had agreed a world record £56m transfer for the Brazilian.
"I don't know if we'll be able to keep Kaka at Milan because they offer him so much money," said club owner Italian Prime Minister Silvio Berlusconi.
Chelsea, whose new manager is former Milan coach Carlo Ancelotti, have also been linked with the 27-year-old.
Kaka's father and agent was in Madrid to seal the deal, according to reports.
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"We have had requests for Kaka and Pato from two of Europe's biggest clubs
AC Milan vice-president Adriano Galliani
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As well as Kaka's father Bosco Leite, AC Milan vice-president Adriano Galliani was also in Madrid, though Milan insisted that was because he had been invited to a dinner for the election of Florentino Perez as Real Madrid's new president.
Earlier this year Kaka rejected a £100m transfer and a reported wage offer of £500,000 a week to Manchester City and in an interview on Tuesday the Brazilian told Gazzetta dello Sport he wanted to stay with the Serie A club.
In January Berlusconi admitted the scale of City's offer made it difficult for the club to keep hold of the Brazilian.
Returning Real president Perez was previously in charge of the Spanish club from 2000 to 2006 during the famous Galacticos era that resulted in the spending of large fees to bring the likes of Ronaldo, David Beckham and Zinedine Zidane, for a world record £46m, to the club.
Perez's comeback is on the back of a pledge to relaunch another Galacticos era, with Kaka one of his chief targets.
When Ancelotti was confirmed as the new Chelsea manager on Monday he was immediately linked with Kaka as part of reported ambitious spending plans of his own, which are also thought to include Kaka's Milan teammate Alexandre Pato.
The 49-year-old Italian, who officially takes over at Stamford Bridge on 1 July, hinted at a potential move, and stated: "There is one player I would like to take but I cannot take him with me."
Kaka, the Fifa 2007 World Player of the Year, joined Milan from Sao Paolo in September 2003.
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606: DEBATE
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The deal with Madrid is reportedly for five years, with a salary worth £7m a year.
Galliani has reiterated recently that Milan might find it difficult to turn down offers for their prize Brazilian assets.
"We have had requests for Kaka and Pato from two of Europe's biggest clubs and we will try and resist but there is an uneven playing field," said Galliani.
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