Adriano Galliani admits that a move for former Milan midfielder Kaka is unlikely following a day of transfer activity.
Milan have been busy on Friday, with Alessandro Matri joining the club from Juventus and Kevin Prince Boateng leaving to join up with Schalke.
Upon the deals Galliani said: "The market depended completely on our qualification to the Champions League group phase.
"After 10 years Alessandro Matri has returned.
"Boateng? It has been a quick negotiation, within half a day but everything was quickly agreed for the player to move to Schalke."
Kaka has reportedly been made available by Madrid but Galliani believes a return to the San Siro is off the cards.
He said: "Kaka back? It's really, really difficult.
"I'd say there is more chance of us signing Honda than Kaka. The arrival of one will exclude the other one."