Italian giants Inter Milan have had a £26 million bid rejected for Real Madrid midfielder Kaka, according to talksport.

The Brazilian midfielder has failed to live up to expectations since his £56 million switch to the Bernabeu two summers ago. He has struggled with injury and form and only made 53 appearances for the club.

Kaka, who has represented Brazil 82 times, has been heavily linked with a move to the Premier League with both Chelsea and Manchester City reportedly interested in the 29-year old. But it is 2010 Champions League winners Inter who have made the first move for the player.

Kaka first made a name for himself during a 6-season spell in Italy with Inter’s bitter rivals AC Milan. He first signed for the club from Sao Paulo and made 266 appearances winning Serie A, The Champions League and FIFA World Player of the Year along the way.

Real are reluctant to make a huge loss on the player and are holding out for £40 million. Kaka is also reluctant to take a pay cut and Inter could struggle to afford him unless they sell Dutch star Wesley Sneijder. Manchester City and Chelsea are in a far better position to afford the player but will refuse to pay over the odds for the Brazilian.