Stay up to date with all the comings and goings in the transfer window with CNN.com's daily wrap of the latest rumors and gossip from Europe's sports pages.
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/images/01/14/kaka.jpg caption="Reason to smile: AC Milan's Kaka is believed to be the subject of a $146 million bid from Manchester City."]
LONDON, England – There is just one story on the lips of every football fan, and just one story on the back pages of almost every paper today.
Various media are reporting that Manchester City have made a £100 million ($146 million) bid for AC Milan's Kaka. It's understood the deal would also see the Brazilian earn £500,000 ($730,000) per week in wages.
See how this salary compares to the U.S. President's here.
Rumors have been circulating since long before the transfer window opened that the Eastlands club was interested in the Brazilian attacking midfielder, who won the Ballon d'Or and Fifa World Player of the Year awards in 2007.
It seems now that Manchester City has finally made a move, with various media reporting that a City delegation have met with Milan officials and entered into talks, where the unprecedented bid has been put forward.
Should the bid proceed, it would more than double the current record price for a player which sits at £46m ($67m) when France legend Zinedine Zidane left Juventus for Real Madrid in 2001.
Though seemingly excessive, raising the money should not be too much of a bother for City owner, Sheikh Mansour bin Zayed Al Nahyan, who is estimated to be worth about £15bn ($22bn).
It is likely City manager Mark Hughes will be eager to complete a major signing after having bids rejected for West Ham forward Craig Bellamy and Blackburn striker Roque Santa Cruz, and only Chelsea's Wayne Bridge to show for January's transfer window so far.
As the dust settles, however, it seems that Kaka is less than keen and has distanced himself from a move. Mediaset, which is owned by Italian prime minister and AC Milan owner Silvio Berlusconi, has quoted Kaka as saying that he will never leave Milan. At least not as a young man. "I want to grow old here and my objective for the future is to become this team's captain," he said, seemingly dashing Manchester City's hopes. "I have already refused important offers in the past." Sheikh Mansour might have a long wait if he wants to get his man.
Of course, there is some transfer activity outside of Manchester. Adriano – Inter's Brazilian striker who has a penchant for the odd night out – has been interesting Harry Redknapp at Tottenham Hotspur according to The Sun. Jose Mourinho has lost patience with the forward and is apparently now willing to sell. London should provide the hit man with plenty of going out opportunities.
Meanwhile The Guardian is reporting that Ghanaian free agent Stephen Appiah, who has been on trial at Spurs, is to play in a specially arranged match to gauge whether he his fit enough for a contract at White Heart Lane.
Karim Benzema continues to excite Europe's sports editors after Lyon's president admitted that he will find it tough to hold on to his star man after two of the world's biggest clubs expressed an interest in signing the striker. Both Barcelona and Real Madrid have enquired about his availability, according to Marca.
One player who definitely won't be playing in France next season is Didier Drogba. Most of Britain's back pages run with the news that the Ivorian striker is on his way out of Stamford Bridge after manager Luiz Felipe Scolari dropped him for tonight's FA Cup replay against Southend. Not so, reports L'Equipe, as Marseille have tried, and failed, to sign him. Apparently Chelsea refused to sell him at any cost.
Finally, it wouldn't be a proper transfer round up unless we featured yet more groveling from Newcastle United's want-away winger Charles N'Zogbia. The Frenchman has very publicly announced his desire to leave the club and asked Europe's top clubs to put in a bid for him, so far unsuccessfully. The latest recipient of his furtive glances are Lyon. "Lyon, make your move!" he shamelessly begged in French paper Aujourd'hui Sport. Tomorrow: N'Zogbia parades through Madrid wearing nothing but a Real shirt. Probably.
If you want to read more football news and features, and have YOUR say, go to CNN's Football Fanzone.