Florentino Perez wants the presidency back at Real Madrid and is set to try and sign Kaka to get back into power, according to reports in Spain.
Perez wants Kaka to become Real Madrid's new Luis Figo and he will tell fans that the Brazilian will join the club if he is re-elected as president.
He also desires Arsene Wenger as the new coach, according to reports in Spain.
The construction magnate took over at the Bernabeu in 2000 after promising to prise Figo from Barcelona and he fulfilled that in a mega-deal that stunned the football world.
Now Perez is back three years after standing down and he is ready to sign Kaka in order to regain control after reaching a secret agreement with Milan supremo Silvio Berlusconi, El Mundo Deportivo states.
Madrid will not be able to match the incredible financial package that Manchester City were rumoured to have prepared, but the attraction of playing for such an illustrious club has reportedly persuaded the Brazilian.
Perez is said to have agreed a deal worth around €80m (£74.8m) for Kaka, but that is only part one of his plan to persuade supporters to vote for him at the club's presidential elections in the summer.
Wenger is set to be offered the duel role of head coach and general manager in a bid to persuade him to move to the Spanish outfit with the same duties that he currently he has at Arsenal.
It would be a radical move for Madrid with the continental system being done away with and the traditional English style where one man controls everything being introduced.
The report plays on both Kaka's alleged comments about only ever wanting to leave Milan if Madrid came in for him and also Wenger's discomfort at the current situation behind the scenes at the Emirates.
Perez introduced the Galacticos policy at Madrid, but sweeping changes in 2003, when 16 players were sold, saw divisions and problems ensue and many stated that they were glad when it ended.
If he were to regain control, then there could be a revolt against a system that saw players picked for the team on their star factor rather than form or fitness.