The AC Milan star has been a long-term target for Real president Calderon, who said: "We have a squad capable of winning everything.

"It may sound arrogant, but perhaps we wouldn't be able to find a place for Kaka."

On Barcelona losing Lionel Messi for Sunday's big game, Calderon also said: "When a team loses such an important player, they also lose their effectiveness and creativity.

"Real would be the same if we lost Raul."