Real Madrid are still keen to offload Kaka.
Real couldn't find a buyer for their price during the summer market, but El Mundo Deportivo says they remain hopeful of selling him in January.
Both Arsenal and Tottenham made contact with Real last week about a loan deal for the Brazil international, but ran out of time to set up serious negotiations.
Kaka also remains highly admired by Chelsea owner Roman Abramovich, though a return to AC Milan is the favoured option.
