AC Milan have denied receiving a 150million euros offer from Chelsea or any other club for Kaka.
The Brazilian playmaker is rumoured to be a top target of the London outfit but the Rossoneri are adamant they will not sell their star player.
'The offers for Kaka are only in the newspapers and they make up stories,' club vice-president Adriano Galliani told the club's official website.
'Today there are talks of a 150million euros offer and tomorrow it will be 200.
'Nothing is true, neither from Chelsea nor from any other club have we received that kind of offer.'
Galliani admitted holding talks with Chelsea owner Roman Abramovich earlier this summer and inquiring about the possibility to bring Chelsea striker Andriy Shevchenko back to the San Siro this summer.
'It is true that I was on Abramovich's boat,' said Galliani. 'It's true that he has had me as his guest and that I asked him for Shevchenko and he asked me for Kaka.
'But it finished 0-0 as we told him no for Ricky (Kaka) and they said no for Andriy.
'In any case there was no mention of numbers. Hence, I don't know where the figures read in the newspapers come from.
'We have a great relationship with Chelsea from a human level, but that doesn't mean they will say yes for Sheva and we will say yes for Kaka. I believe Kaka is happy at Milan.'
Galliani's denials come on the back of a similar response from Chelsea chief executive Peter Kenyon, who yesterday said the club had made no offer for Kaka, and were instead focusing on Real Madrid's Robinho.