The Brazilian international was a £100 million target for fellow cash-rich club Manchester City during the winter transfer window, only for the player to snub the Eastland outfit's advances.
However, with former Milan coach Carlo Ancelotti now installed in the Stamford Bridge hot-seat, the likelihood of Kaka leaving the San Siro has increased.
And the 2007 FIFA World Player of the Year could be convinced by the £10 million-per-year after tax in wages that Chelsea are reportedly ready to pay him.
Spanish giants Real Madrid - with former president Florentino Perez back at the helm - are also keen to recruit the former Sao Paulo star, with one radio station in Spain claiming on Tuesday that a £56 million fee had been agreed with Milan.
However, Roman Abramovich's Blues are now thought to have trumped that offer by some distance.
NEWS: Kaka keen to stay at Milan
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