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MILAN, Italy (AP) -AC Milan has talked with Chelsea about buying Andriy Shevchenko and selling Kaka, but no offer has been tabled.
Brazil playmaker Kaka has been linked with a move to the Blues, with his spokesman saying there was a "formal proposal."
But after meeting Chelsea owner Roman Abramovich, Milan vice president insisted Kaka is "happy" at the Italian club.
"The offers for Kaka are only in the newspapers and they make up stories," Galliani told the club Web site on Tuesday. "Today there are talks of a ?150 million (US$239 million) offer and tomorrow it will be ?200 million (US$318 million).
"Nothing is true, neither from Chelsea nor from any other club have we received that kind of offer."
Ronaldinho, who joined Milan from FC Barcelona last week, urged his fellow Brazilian against leaving.
"I hope Kaka stays in Milan for a long time because we're going to have fun together," Ronaldinho told Italy's Sky TV on Tuesday.
Galliani asked Abramovich about bringing Shevchenko, the Ukraine striker, back to Milan.
"I was on Abramovich's boat," Galliani said. "It's true that he has had me as his guest and that I asked him for Shevchenko and he asked me for Kaka.
"But it finished 0-0 as we told him no for Ricky (Kaka) and they said no for Andriy. In any case there was no mention of numbers."
