MADRID: Real Madrid will reportedly sign AC Milan playmaker Kaka if presidential candidate Florentino Perez regains control of the Spanish club.

Perez has agreed a fee of euro63 million (US$85 million) for Kaka, who has agreed to sign a five-year contract with an annual salary of euro8 million ($10.8 million), sports newspaper Marca said Saturday.

All that remains to be agreed between Perez - who oversaw Madrid's 'galactico' policy when he was formerly club president - and Milan involves the commission which would be paid to Kaka's father and agent, Bosco Leite, the paper added.

Kaka, the 2007 World Player of the Year, said last month he intended to stay with Milan and had not been in contact with Madrid.

Earlier this season, Manchester City failed in an attempt to sign the Brazil midfielder after bidding around euro110 million (then $147 million).

Kaka is said to be just one of many transfer targets for Perez, who announced Thursday that he would stand in next month's poll of club members in a bid to return to the presidency he quit in 2006.

It is standard in Spanish club elections for candidates to organize new signings to encourage members to vote for them.

Bayern Munich's Franck Ribery and Valencia's David Villa are others who Perez reportedly hopes to sign for next season as he attempts to reactivate the "galactico" policy which attracted the likes of Zinedine Zidane, David Beckham and Ronaldo to Madrid during his first tenure.

Marca said Perez's interest in signing Manchester United's Cristiano Ronaldo has waned due to his high value on the transfer market and supposed temperamental character.

Perez, the head of Spanish construction giant ACS, aims to revamp a Madrid team which has been eclipsed by rivals Barcelona this season.

The Catalan club, which won the Copa del Rey last Wednesday, would win the Spanish league title later Saturday if Madrid failed to win at Villarreal. Barcelona has also reached the Champions League final, in which it faces United on May 27.

At present, Perez is the only candidate to announce his intention to stand in Madrid's election and there remains the chance he will be unopposed. If so, Perez would begin his second tenure on June 1.

Perez's spell as Madrid president from 2000 to 2006 saw the club winning two league titles and one Champions League. Madrid then suffered its worst trophy drought for over 50 years when it went three seasons without silverware, shuffling through five coaches over that time.