( CNN ) -- Brazil playmaker Kaka confirmed his transfer from Italian side AC Milan to Spanish club Real Madrid , in a move worth a reported $ 100 million . Kaka announces to the world that he will play for Real Madrid next season . `` Ricardo Izecson dos Santos Leite , Kaka , now plays for Real Madrid following the deal reached with AC Milan , '' Real Madrid announced on its Web site . `` The Brazilian footballer satisfactorily passed a full medical checkup . Kaka has signed a contract linking him to Real Madrid for the next six seasons . '' Spanish media reported the deal was worth in the region of $ 100 million ( 65 million euro ) . Due to fluctuations in exchange rates this figure eclipses the previous transfer record paid in dollars by Real for French star Zinedine Zidane in 2001 , but not in euros.All the latest transfer gossip . `` It will be very difficult to fill the void that Kaka will leave , as he is a shining example of commitment and professionalism , '' the Italian side said in a prepared statement . `` AC Milan , on behalf of the Rossoneri managers , players and supporters , send him the most cordial and affectionate wishes for the continuation of his sporting career . '' See the 20 most wanted footballers . The 2007 World Player of the Year completed the deal following a medical examination on Monday , at the request of the Spanish Primera Liga giants , his national federation said . The 27-year-old midfielder is currently on international duty ahead of Brazil 's World Cup qualifier against Paraguay on Wednesday but was released for the medical tests in the north-eastern city of Recife . International duty means the official unveiling of the player in the Spanish capital will more then likely not occur until the end of the month , after Kaka returns from helping Brazil defend the Confederations Cup in South Africa . Kaka is set to become the first of the new wave of `` galacticos '' brought together under the leadership of returning club president Florentino Perez . Milan president Silvio Berlusconi had told Kaka that he had to decide on his future on Monday . The Serie A club 's owner revealed on Italian television station Rai , he would meet with the Brazil playmaker at the start of next week to thrash out Kaka 's future . Milan chief executive Adriano Galliani said last week that the club had agreed to sell the 27-year-old Kaka for `` solely economic '' reasons . `` Milan can not go on losing $ 100 million a year , '' he told Italian newspaper Gazzetta dello Sport on Thursday . `` Kaka has behaved very professionally with us , he has never asked for his deal to be revised or his contract extended . He has been here six years and won everything there is to win . But we ca n't afford to miss out on $ 100 million . '' Galliani had said there was no chance of English club Chelsea -- who appointed former Milan coach Carlo Ancelotti as manager on Monday -- swooping in to beat Real for Kaka 's signature . An agreement with Chelsea could not exist , '' he told Gazzetta dello Sport . `` Kaka goes to Real or he remains at Milan . That is his will and we are doing everything in complete agreement . '' Kaka scored the final goal from the penalty spot as Brazil moved to the top of South American qualifying for the 2010 World Cup finals after thrashing Uruguay 4-0 in Montevideo , their first victory in the country for 33 years . With Milan , Kaka won an array of awards including the Champions League , the UEFA Super Cup , the FIFA Club World Cup and the Seria A title . He was a crucial part of Brazil 's 2002 World Cup-winning squad he was also voted the FIFA World Player of the Year in 2007 . Last January , Kaka rejected a move to Premier League Manchester City who were prepared to pay him a reported $ 750,000 per week .
NEW : Kaka signs deal with Real Madrid , Brazilian club announces . Transfer from A.C. Milan worth a reported 750,000 , according to media reports . Chief executive Galliani says that Brazil must sell Kaka for economic reasons . Kaka currently in Kaka with the national team for the UEFA Super Cup qualifying double .