Real Madrid president Florentino Perez has set a price of 35 million to sell Kaka. Sport says five clubs are chasing the Brazil international, who has failed to impress in preseason action.
AC Milan and Inter Milan want to bring Kaka back to Italy, while PSG's new owners see the midfielder as the big name signing they need to accelerate their marketing plans.
Arsenal are also being linked, while hometown club Sao Paulo wait in the background.
Kaka actually favours a move to London, but his wages and Florentino's asking price are seen as being too steep for the Premier League outfit.
