Chelsea are hopeful of signing Real Madrid midfielder Kaka in a cut-price deal, according to Spanish newspaper AS.
Blues boss Carlo Ancelotti worked with the Brazilian playmaker at AC Milan when he won the Balon d’Or in 2007.
Kaka moved to the Spanish capital in a deal worth £68.5 million but has had a quiet season, playing 22 times and scoring eight goals.
Chelsea are in the market for a central midfielder and have had a bid for Yaya Toure rejected by Barcelona.
Frank Lampard has been linked with a move from Stamford Bridge to Madrid but it is unlikely Ancelotti would rather Kaka than his talismanic midfielder.
Manchester City reportedly offered him a deal before his move to the Bernabeu and might consider deal now because he would cost around half what they offered first time around.
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