The Spanish giants are prepared to offload the 30�'year�'old to meet the new salary demands of Cristiano Ronaldo, Brazilian daily Uol reported Wednesday.
According to the report, Ronaldo is seeking a monthly salary of 15 million euros, a demand the club could only satisfy without the burden of Kaka's 10 million�'euro wage bill.
The report cited Corinthians or the New York Red Bulls as Kaka's most likely destination.
Despite regaining his place in Brazil's national team last month, the 2007 FIFA world player of the year continues to be out of favour under Real Madrid boss Jose Mourinho.
He has started just one competitive match for the reigning Spanish champions this campaign and did not even make the substitutes' bench for Tuesday's Copa del Rey clash against Alcoyano, which Real Madrid won 3�'0.