Real Madrid have confirmed the signing of Brazilian international Kaka on a six-year contract.

The deal with AC Milan is expected to set a new world record transfer fee and could pave the way for a new 'Galáctico' era at the Santiago Bernabéu under recently re-elected president Florentino Perez.

Reports suggest that the transfer fee is around 68m euros ($94.05m or £58.9m), thereby smashing the previous world record of £47m set by Real in 2001 when they bought Zinedine Zidane from Juventus.

Kaka could now become the first of a new wave of 'Galáctico' signings, with the likes of Cristiano Ronaldo, Xabi Alonso, David Villa and Franck Ribery all linked to the Spanish giants since Perez's unopposed re-election as the club's president last week.

In Perez's previous stint with the club, he oversaw the acquisitions of global stars of Ronaldo (£23.2m), David Beckham (£24.5m), Luis Figo (£37m), as well as Zidane.

obscene amount of money.

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hello starhub scv, how about Serie A?

i feel that real is not a team to go to now.. but having them buying kaka and ronaldo. they got quite good attack now. but then the def is very weak now i feel

Its high time kaka go.......AC milan are no longer an ambition club. They have being just moderate for the last few season. Many over-age players........Ancelotti have run out of tricks and no longer able to do anything. The club has lost its bearing. Don't expect anything from them this few season......Just my personnal feeling, maybe i'm wrong......

R madrid will have many internal problem for sure......1 mountain cannot have too many tigers.......

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too many star players at real madrid means too many big egos . none of the star players wan to sit on bench. sure have many internal prob.

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Glory Glory Man Utd

A big thank you to all bros who upped my points

Do pm me if i forget to return favour to you

I wonder how good will Madrid be with those superstars again

if they still dun win anything in the upcoming season... wonder wat will happen 2 their president...