Kaka is reportedly considering his options at Real Madrid, opening the door to a possible Chelsea or Arsenal move.
The Brazilian superstar has long been linked with a move to England, with Andre Villas-Boas and Arsene Wenger both thought to be keen on the 29-year-old midfielder.
And, with the former AC Milan playmaker unable to become a regular in the Los Blancos line-up under manager Jose Mourinho, Spanish magazine El Confidencial claims Kaka is now 'considering his options' with his family.
Despite starting just nine games this season for the Santiago Bernabeu side, the former European and World footballer of the year would still be seen as a transfer coup if Chelsea were able to lure the player to Stamford Bridge.
Villas-Boas was in the market for an attacking midfielder in the summer, but after failing to lure Luka Modric the Chelsea, the former Porto boss decided against moving for any other target.
If the report is to be believed, a £30 million offer would land the 82 cap international, and it's a fee that Chelsea owner Roman Abramovich could easily stump-up if he's happy to bring the big-name to west London.
As for Arsene Wenger, the Frenchman has long been linked with Kaka, and is a known admirer of the former São Paulo starlet.
However, the price tag could be a stumbling block for the Gunners, with Wenger renowned for being stringent in the transfer market in an effort to protect the finances at the Emirates Stadium.
After signing Mikel Arteta in the summer, as well as bringing Yossi Benayoun to Arsenal on loan, the north London side are well covered in the attacking midfield position.
But the chance to sign a player of Kaka's quality is one which rarely becomes available, and it could tempt the Arsenal boss into at least considering a move.