Not content with completing the signing of Kaka for a cool £59m, Real Madrid have turned their attention to Valencia striker David Villa. Returning president Florentino Perez has signalled his intention to keep spending by admitting he has enquired about Villa.

The Spain hitman further enhanced his reputation by scoring a smartly taken hat-trick for his country against Azerbaijan on Tuesday as the European champions prepare for the Confederations Cup in South Africa.

No agreement has yet been reached between Real and Valencia and Perez added a note of caution to Spanish reports that Villa would be moving to Madrid for a fee of 37 million euros. "I have spoken to (new Valencia president) Manuel Llorente and we need time to see what the actual situation is at Valencia and what they are going to do," Perez told Telemadrid.

"If they want to keep him I think that would be a fitting decision and one I would respect," he added.

Kaka's deal was confirmed on Monday evening but Real, who suffered a below-par season in both Champions League and domestically and are looking to spend big to compete with Barcelona, have been linked with a phalanx of expensive stars, including Cristiano Ronaldo, Franck Ribery and Antonio Valencia. Villa has been linked with moves to Manchester City, Barcelona and Chelsea but a move to the big-spending Bernabeu now seems most likely.