Speculation has been mounting that the playmaker will swap San Siro for the Bernabeu following Florentino Perez's return as Real Madrid president.
Related ArticlesKaka's career highlightsRibery will 'not be sold'Kaka the ultimate catch for RealTransfer superpowersMilan: Kaka deal not discussed with RealKaka set to join Real MadridAnd reports from Spain yesterday claimed that a deal had been agreed between the clubs during talks in the Spanish capital, with a fee of £56 million quoted.
However, in a statement released on the club's official website, Milan insisted Galliani had only travelled to Madrid to attend a dinner for Perez.
The statement read: "The general manager of the Rossoneri, Adriano Galliani, is in the city of Madrid exclusively for the investiture dinner of Florentino Perez, the new president of Real Madrid."
In stark contrast to yesterday's frenzied speculation, Spanish media are today downplaying reports that Real have signed Kaka, saying details remain to be worked out and that Chelsea still hope to buy the 27-year-old.
"The transfer (to Real) is still not official but all the parties are giving it as a done deal," claims sports daily AS, noting "pressure" from Chelsea.
Earlier today, Kaka, who turned down a move to Manchester City in January, stressed he wants to stay at Milan.
"I'll say it for the last time. The last time. I don't want to leave Milan," he said. "In this period I prefer to remain silent because I don't want to be misunderstood. Or, worse still, to be used.
"To the millions of Milan supporters, I say that I have made my choice. I have said what I want to stay. Leave me in peace, please."
The news will alert Chelsea, who remain keen on adding Kaka to new manager Carlo Ancelotti's Stamford Bridge squad.
Roman Abramovich is understood to have personally contacted Galliani in a late effort to buy Kaka.
Any move for Kaka, though, could be held up by tomorrow's European elections, with Milan president Silvio Berlusconi turning his attentions to politics in his role as Italian prime minister.
Chelsea are also hoping to sign Kaka's Brazil team-mate Alexandre Pato and, after having a bid of £30 million rejected, they have tabled an improved offer.
Galliani has already provided hope by suggesting that Milan will find it difficult to turn down interest in their two star players.
"We have had requests for Kaka and Pato from two of Europe's biggest clubs and we will try and resist but there is an uneven playing field," said Galliani. Chelsea are also ready to offer Didier Drogba a new three-year contract.
AC Milan owner Berlusconi had hinted earlier at Kaka's departure moments before Cadena Ser claimed he was indeed moving.
"I do not know if we can keep Kaka at Milan because they (Real) have offered him so much money," Berlusconi was quoted as saying by Italian press agency Ansa.
Abramovich, the Chelsea owner, has promised Ancelotti he will invest heavily this summer to fulfil his ambition of winning the Champions League and a high-quality - and expensive - list of targets has been drawn up.
At the same time, Ancelotti is keen to bring at least one player with him from Milan and if negotiations collapse over Kaka he remains hopeful about 19-year-old Pato, and also that a compromise can be reached over Andrea Pirlo, despite his former club quoting an initial transfer fee of £20m.