The Brazilian forward was reported to be closing in on a move to Real Madrid earlier this week.
Manchester City have also been linked with a move for Kaka.
Chelsea are reported to have offered Kaka a massive £10million-a-year in wages after tax, according to Sky Sports.
Chelsea stressed in a statement on their official website: “We have never made an offer to AC Milan for Kaka and therefore not one at this extraordinary level.
“As a consequence, we have not discussed a salary with the player either.
“Any reports to the contrary are totally untrue.”
