The News of the World says Roman Abramovich has made it clear to Ancelotti the money is there for the Brazilian superstar.
Chelsea even sent their head scout out to Brazil's World Cup training camp to check on Kaka's fitness.
But Mourinho's arrival in Madrid has added a new dimension to the negotiations. The former Chelsea boss has already publicly admitted he would like to bring both Lampard and Ashley Cole to Spain and would use Kaka as bait.
Kaka endured a difficult first season at the Bernabeu and some Real insiders believe he is unlikely to be suited by Mourinho's management style.