AC Milan vice president Adriano Galliani says the club is highly unlikely to sign either David Beckham or Kaka this month.
Beckham has been linked to clubs in France, Australia and Asia after leaving the Los Angeles Galaxy.
Reports say the former England captain would like a return to Milan, where he had two loan spells in 2009 and 2010, but Galliani says, "David is a suggestion but it's 99.9 percent no."
Real Madrid playmaker Kaka has long been linked with a return to Milan, where he had a golden six-year spell during which he helped it to the Serie A and Champions League titles, becoming a global superstar.
Galliani says, "it's impossible, it can't happen. He costs too much, the problem is his wages."
However, Kaka later hinted he would be prepared to take a pay cut to return to Milan, where the Brazilian is still idolized by the Rossoneri fans.
"I'm ready to do anything to return to Milan," Kaka said as he left a restaurant, where he had dined with compatriot and Milan striker Robinho. "It's not a happy situation for me at Real, I've already told Milan I'm ready to find a solution.
"I had really great times at Milan."
Kaka left Milan for Madrid in 2009 for €65 million (then US$92 million), making him the second most expensive football signing ever after Cristiano Ronaldo.