The immediate future of Brazil star Kaka will reportedly be decided at a meeting between Real Madrid president Florentino Perez and AC Milan CEO Adriano Galliano on Wednesday.

Real Madrid is looking to cash in on the 2007 FIFA world player of the year, who has expressed his desire to return to his former club, Brazil's UOL reported.

The Spanish outfit is understood to have set a 25-million-euro asking price for the playmaker.

But the Italian Serie A side is hoping to negotiate a one-year loan deal with Real Madrid contributing to the 30-year-old's wages.

Kaka has scored 20 goals from 65 matches since his arrival at the Bernabeu in 2009.

But he lost his regular starting place under coach Jose Mourinho last season as he battled to overcome injuries and inconsistent form.