Kaka will sign a contract that will keep him at AC Milan until the summer of 2015.
Kaka is set to fly to Milano on Monday morning to undergo a medical.
The Brazilian, who has also been linked with the likes of Manchester United and Arsenal, returns to AC Milan on a free transfer.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.