AC Milan playmaker Kaka has turned down a lucrative move to Manchester City.
City issued a statement saying they had ended talks, believing it was unlikely a deal could be struck with Milan. Executive chairman Garry Cook said: "The discussions reached only a preliminary stage and the player was not involved at any time."
City's bid for Kaka was reportedly worth £100m, more than £50m in excess of the current world transfer fee record Real Madrid paid to Juventus to sign Zinedine Zidane in 2001, and that the Premier League club were willing to pay the Brazilian weekly wages of £500,000.
Milan owner Silvio Berlusconi told Italian television the 26-year-old had opted not to leave. "That's the end of the story," Berlusconi said. "I'm truly delighted to have kept Kaka at Milan."
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