AC Milan will move forward whether it keeps hold of Kaka or not, coach Carlo Ancelotti said on Friday. Manchester City is talking with Milan about a possible deal and media reports say the Premier League club have bid 150 million euros ($197 million) for the Brazilian. “Talks are happening. I hope I can coach him for the long term. But if he leaves our objectives do not change,” Ancelotti told a news conference. “Our squad remains competitive even if we must lose a great player.” The playmaker said earlier this week he wanted to “grow old” at Milan but City has sounded confident that it can persuade the Serie A club to sell the 26-year-old. “It is a decision that will have to be made by the club together with the player,” Ancelotti added. “The club is considering the offer that has been presented. It is normal that great importance is attached to him given the role he has at Milan.” Milan chief executive Adriano Galliani met City officials to discuss Kaka's future on Tuesday and media speculation has since gone into overdrive despite no outcome to the talks. City, in the bottom of half of the Premier League and with very limited pedigree in England let alone Europe, is the richest club in the world after being taken over by the Abu Dhabi United Group. Ancelotti said it deserved to bid for the world's top players as much as anyone else. “You couldn't imagine it 20 years ago. Big investors are entering football and therefore it is normal and correct to consider (the bid),” he said. Milan finished fifth in Serie A last season meaning Kaka, signed from Sao Paulo in 2003, is not playing in the Champions League this term having inspired the Rossoneri to the trophy in 2007. “We must get back into the Champions League and win the UEFA Cup,” added Ancelotti, whose side is third in Serie A. Sir Alex Ferguson said he is struggling to make sense of the scale of City's bid for Kaka. He said: “I find it hard to get my head around it to be honest. It's amazing but football is football and sometimes you get shocks and surprises and I think it's surprised everyone.”