Milan vice-president Adriano Galliani told Gazzetta dello Sport that they were busy trying to find a resolution to the discussions.
“Everyone must make a great effort: Milan, Real Madrid and Kaká,” he said. “Much depends on [the player’s] economic sacrifice. I have up days and down days. At the moment it is down because I look at the taxation – that kills. In Italy, no player earns more than €5m net.”
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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.