A top Italian daily sports newspaper claims Chelsea's billionaire Russian owner Roman Abramovich is set to obliterate the transfer world record with a 150 million euros ($313 million) bid for AC Milan's Kaka.
The latest edition of Gazzetta dello Sport claims Abramovich is ready to surpass even the 100 million euros Real Madrid are reportedly willing to pay in a bid to lure Cristiano Ronaldo away from Manchester United.
Gazzetta claim Chelsea's move for Kaka is tantamount to a 'mission impossible' and the Chelsea boss Peter Kenyon denies the record-breaking bid to lure Kaka from AC Milan.
Kenyon says the club is still chasing Real Madrid's Robinho.
But Gazzetta dello Sport adds that Abramovich will not be deterred - and according to Kaka's spokesman in Brazil Kaka would net 10 per cent of the world record transfer fee.
But Milan are desperate to hold onto the current world player of the year as they try to win their first Serie A title since 2004, having recently won the race with Manchester City to prise another Brazilian, Ronaldinho, from Barcelona.
Milan will be loath to lose their best player just after adding world class attacking reinforcements to their squad.
But now even Kaka seems to be warming to the idea of a switch to London, saying before leaving Sao Paulo to return to Milan that he didn't know how the race to sign him would finish as there are two teams that want him.