Chelsea are reportedly set to smash the world record transfer fee and their Premier League title odds with a potential £80million swoop for AC Milan’s World player of the Year Kaka.

The Brazilian’s personal assistant is sure a move to the English top flight is in the offing and has confirmed Milan will be looking for a fee in excess of the £71million which Real Madrid put on the table last summer.

The 26-year-old playmaker is under contract at the San Siro until 2012 but after five years with the Serie A giants Kaka is believed to be ready for a fresh challenge and the chance to be reunited with former Brazil boss Luiz Felipe Scolari could be too big a lure to turn down.

Scolari handed Kaka his Brazil debut in 2002 and is desperate to work with the former Sao Paulo star again and has earmarked a free attacking role for the player who scored 19 goals for the Rossoneri last season.

Milan, despite the multi-million pound arrival of Ronaldinho this week, do have financial problems and are not in the position to turn down an offer in the region of £80million.

Kaka’s personal assistant Diogo Kotscho said:

“Real Madrid offered 90 million euros (£71million) last summer and Milan did not even think about the bid.

This time is different. This is the first time we feel that a deal will definitely happen.

Because of the situation Milan are in at the moment, the deal is good for all parties involved.

Chelsea are the club to be at right now. They are building a team to win everything.”

So far Chelsea have added Deco and Jose Bosingwa to their squad, but the arrival of Kaka would be the biggest signal of intention yet that the Blues are ready to wrest the title away from Mancheser United.

Scolari’s men are second favourites at football odds of 2.9 to win the title but with Kaka amongst the ranks, the money would flood in for Chelsea with most layers making them the favourites.

By Phil Tomlinson