AC Milan owner Silvio Berlusconi insists Kaka will have the final say on whether or not he joins Real Madrid.

The Rossoneri have received a £60.8m bid for Kaka from the Spanish club, with Chelsea also reported to be interested at one stage before dropping out of the running.

"No decision has been taken yet," Berlusconi told the Italian media.

"On Monday I will speak to Kaka and then I will let you know.

"The ones that decide the future are always the lads (players), who need to choose where to continue their career and when to put their money aside.

"Players must choose what suits their interests best."

Milan were close to selling the 27-year-old playmaker to Manchester City in the winter transfer window but the player turned down the record-breaking deal.

However, AC Milan club administrator Adriano Galliani has indicated that the 2007 FIFA World Player of the Year would be happy to move to the Bernabeu.

"Ricky (Kaka) didn't want to go to Manchester City but he would go to Real Madrid," said Galliani in an interview with Gazzetta dello Sport.

Brazil international Kaka will now consider his options and if interested in leaving, start negotiations with Madrid on his personal terms, which are yet to be agreed.

Galliani denied speculation that Chelsea, who have just appointed former AC Milan coach Carlo Ancelotti as their new boss, are in the race to sign Kaka.

"The Chelsea solution doesn't exist," he said.

"Kaka will either go to Real or remain at Milan.

"That's his wish and we are doing everything in full agreement.

"We are in negotiations but no agreement has been reached yet."

Galliani admitted Madrid are making an offer for Kaka that is too enticing to reject.

"Everyone has a heart but the numbers have become so high that even a big heart needs to consider those figures," he said.

"We cannot allow ourselves to lose 70million euros per year.

"The reasons relating to a possible Kaka departure would be financial.

"Real Madrid has double the revenue of Milan. It owns a stadium. It does not have to share TV rights with other teams.

"It benefits from a better fiscal climate which allows players to receive higher wages."

The news of Kaka's possible departure has angered Milan supporters, but Galliani said: "I want to calm the fans.

"It's not that by selling Kaka we will not sign anyone else.

"If Kaka leaves, a great striker will arrive."

When asked if Arsenal forward Emmanuel Adebayor would be the chosen one, Galliani said: "No."

Berlusconi, nevertheless, believes that Milan have many players already in the team that can play in Kaka's position.

"We have Ronaldinho, who this year has played little, and then we have the likes of (Andrea) Pirlo and (Clarence) Seedorf."