AC Milan midfielder Kaka, 32, is set to become a high-profile signing for new Major League Soccer franchise Orlando City.

Real Madrid forward Kaka, 31, will sign for former club AC Milan on loan, while Arsenal and Manchester United will compete for the signature of playmaker Mesut Ozil, 24, as the Spanish giants try to recoup some of the money they spent on Bale.

Arsenal have added Schalke midfielder Julian Draxler, 19, and Real Madrid's 31-year-old forward Kaka, who wants to leave the Spanish club, to their transfer target list.

AC Milan may make a move to bring Real Madrid playmaker Kaka, 31, back to the club next season. The Brazilian is said to be a favourite of Milan president Silvio Berlusconi.

Real Madrid's Brazilian midfielder Kaka, 30, has admitted he may be on his way out in January after failing to force his way into Jose Mourinho's starting XI, with LA Galaxy understood to be interested.