AC Milan back down on Real Madrid's Kaka move

AC Milan CEO Adriano Galliani has ruled out the signing of playmaker Kaka from Real Madrid this summer because of financial problems.

The Rossoneri were keen to land the 30-year-old Brazilian, but have now backed down on the move after consulting a tax accountant.

"The tax problem? It's all true," Galliani told Milan Channel. "It's impossible.

"We asked the opinion of a tax accountant, who said it was 'too risky'."

Kaka joined Madrid from Milan in 2009.