Real Madrid president Ramon Calderon told media on Wednesday (Aug 23rd) that the Spanish soccer club has began speaking to Italian AC Milan about selling Brazilian star Ronaldo Nazario.

Spanish media said that Madrid wants to sell the player for 25 million euros (57.7 million U.S. dollars) and that Calderon will meet Milan officials -- Adrian Galliani, the vice president, and head of sport, Ariedo Bradia -- in Madrid's Bernabeu stadium on Wednesday.

Real are aiming to get a preferential option to buy Milan's Brazilian midfielder Ricardo Izecson dos Santos Leite, known as Kaka, included in the deal.

"I don't think it will all be sorted out tonight," Calderon told television station Cuatro.

Club sources said they would not make an official announcement on Ronaldo's future until Thursday.

Inter Milan, AC Milan's cross-town rivals, sold Ronaldo to Madrid four seasons ago. He has been the squad's top scorer in each season, and has scored a total of 100 goals for the Spanish team.

Real's recently signed Italian coach Fabio Capello is restructuring the top Spanish team's squad, signing Dutch striker Ruud van Nistelrooy from Manchester United.

Milan received an injection of cash following the sale of Andriy Shevchenko to Chelsea for an estimated 45 million euros.

Editor: Donald