Chelsea have made an 'astronomical' bid for AC Milan star Kaka, according to the club's vice president Adriano Galliani.

Sportsmail revealed last month that Chelsea owner Roman Abramovich was prepared to bankroll a world record breaking £60m bid for the Brazil midfielder.

Record attempt: AC Milan vice president Adriano Galliani has claimed that Chelsea made an 'astronomical' bid for Brazil midfielder Kaka

But Galliani revealed yesterday that Chelsea's huge offer has failed to convince Milan to sell, despite a bleak financial forecast following the Italian side's failure to qualify for the Champions League.

'An astronomical offer came in from Chelsea for Kaka,' said Galliani.

'The fans should be happy, as all we'd need to do in order to wipe out our debts is sell Kaka and Andrea Pirlo. Instead they won't move, so if that's not a show of love for this club, I don't know what is.'

Despite the lack of Champions League money, Galliani has not given up hope of signing Ronaldinho, who has snubbed the £200,000-a-week wages on offer at Manchester City.

However, he insisted Barcelona must lower their demands.

He added: 'The problem is the wages. For us to be able to afford him, the transfer fee would have to be close to nothing.'