MADRID, (Reuters) – Real Madrid have signed Brazilian  midfielder Kaka from AC Milan, the Primera Liga club said on  their website (www.realmadrid.com) yesterday.

The 27-year-old international has agreed a six-year contract  to become the first player to join Real since Florentino Perez  returned to the presidency this month.

Reports said the transfer fee was around 68 million euros  ($94.05 million) which would make the transfer the second  biggest ever after Zinedine Zidane joined Real from Juventus for  around 73 million euros in 2001.

The player is on international duty with Brazil in his home  country, but Real Madrid sent officials to Recife and Kaka  successfully completed a medical earlier in the day.

Reports have said the 2007 world player of the year is set  to hold a news conference in the next few hours.

The official unveiling in Madrid is likely to take place at  the end of the month, after the Confederations Cup in South  Africa.

“We are working on building a good team, an important team,  and this has only just begun,” Perez told radio station Onda  Cero.

Milan thanked Kaka for his contribution.

“AC Milan thanks the man Kaka and the champion Kaka for his  decisive contributions to so many victories obtained in the last  six years,” the Serie A club said in a statement.

“His loss on the field, though serious, can be filled. It  will, however, be very difficult to fill the void left by Kaka  the man.”

Kaka has long been a target for Real Madrid since former  president Ramon Calderon promised to sign him in his election  campaign in 2006 but failed to deliver.

Calderon resigned in January paving the way for Perez to  come back three years after he stood down and he was returned  unopposed to the post.

SPECTACULAR PROJECT
Perez has promised to deliver a “spectacular sporting  project” built around the world’s greatest players, and local  media have spoken of a 300 million euro war chest which will be  used to finance a second ‘Galactico era’ at the Bernabeu.

Having lured the likes of Luis Figo, Zinedine Zidane and  David Beckham to Real earlier in the decade, Perez’s flagship  first signing on his return was Kaka.

It was a declaration of intent and a dig at his predecessor.

He has also spoken of interest in Manchester United’s  Cristiano Ronaldo, Bayern Munich’s Franck Ribery, Liverpool’s  Xabi Alonso and Valencia duo David Villa and David Silva.

New coach Manuel Pellegrini is the man tasked with blending  these talents into a team capable of challenging treble-winners  Barcelona.

Kaka will not face much competition in midfield which was  one of Real’s weakest areas last season as they lacked flair  players capable of opening up sides in big games.

Kaka’s arrival will also cheer up Real fans clamouring for a  more entertaining brand of football, and who had often chanted  “Where is Kaka?” at player presentations under Calderon over the  last couple of years.