Los Galacticos ready to give €63 million to land the Milan and Brazilian sensation Alexandre Pato

Real Madrid are set to kick off the January transfer window with a huge bid for Brazilian and Milan striker Alexandre Pato,reported from Italy.

La Republica, a newspaper in Italy,claims that Milan striker has emerged as one of the key targets in the winter transfer window for the new era of Los Galacticos with coach Manuel Pellegrini trying desperately to strengthen his squad for a title run with rivals Barcelona.

It is thought that the Rossoneri have indicated a refusal to negotiate with the Spanish giants. But, in a similar circumstance to their pursuit of Kaka, it is thought that a suitable bid would force Milan to consider the offer.

Pato ironically was the man behind the Real Madrid’s downfall in the Champions League this season,scoring twice at the Santiago Bernabeu as Milan went on to secure a famous 3-2 victory.

He made the switch to the San Siro in 2007 and is contracted until the summer of 2012, but that is unlikely to deter President Florentino Perez from making an audacious swoop.

The 20-year old is generally regarded as Brazil’s best emerging talent, and will be an important member of the world's most crowned team Brazil for this year’s World Cup in South Africa.