Adriano Galliani has distanced Milan from a bid for Ricky Kaka, telling reporters that his prospective return to San Siro would be too expensive.
Last week, Kaka's father appeared to encourage Milan to make a bid for the Real Madrid midfielder who won a Champions League, a Scudetto and the Ballon d'Or in a six-year spell in Italy before leaving for Spain two summers' ago.
"Ricardino earns too much also because they pay less tax," Galliani said.
"I am sorry that he is having problems in Madrid, but he'd have to reduce his salary a lot to return to Milan…
"We can allow ourselves the salary of only one Ibrahimovic."
Think you know your Italian football? Share your knowledge, tips and comments to win cash prizes in OLBG's tipster competition - £5,000 monthly.