Kaka has signed a six-year contract with Real Madrid to become the club's highest ever paid player.

The former AC Milan midfielder's deal is worth £8 million-a-season and he moves to Real for a world record fee of almost £65 million.

Around £62 million will go to Milan, with the remainder being snapped up by Sao Paulo as part of Kaka's development agreement. The player's father and agent, Bosco Leite, collects a massive £4 million from his work on the deal.

Kaka will also share his image rights 50:50 with Real Madrid.