BREAKING NEWS: Manchester City Withdraw Bid For Milan's Kaka?

Sky Sports News reports that Manchester City have withdrawn their bid for Milan's Brazilian superstar Kaka.

The potentially record breaking transfer has been gathering steam, but the water has been well and truly muddied by fresh information.

The source is Anil Bhoyrul, of Arabianbusiness.com, who claims to have spoken to someone close to City's mega-rich owners.

He insists that City were actually chasing a 'B-list' Serie A striker, who they will unveil within the next 48 hours.

Kaka? Apparently the interest in him was more of a gamble to reiterate City's financial power.

However, the highly-rated midfielder is said to be far from keen on moving to Eastlands and wants to stay in Milan indefinitely, as quotes attributed to him have also indicated.

If Bhoyrul's information is to be believed, City have given up their frivolous pursuit, although other reports still suggest that an agreement is 'close'.

Boss Mark Hughes is expected to clear up the confusing situation today.