20-year old Stephan El Shaarawy is one of Ancelotti's transfer targets, if Gazzetta's reports are to be believed. AC Milan's player would come to Real Madrid if Ancelotti is willing to give up on Kaká. The Brazilian player would also have an agreement with Milan if the transfer succeeds, says Gazzetta.
This is probably just another edition of the typical Italian Calciomercato, even though El Shaarawy is an interesting player. He is injury-prone but he was Milan's star before the signing of Mario Balotelli. El Shaarawy likes to play as a second striker and has scored 16 goals in this Serie A season, 3 more than Karim Benzema and the same number than Gonzalo Higuaín.
El Shaarawy is now in Brazil playing the Confederations Cup for Italy, and he has already played 9 games with the Italian National Team. He's expected to be one of Italy's stars in the near future alongside Marco Verratti and Mario Balotelli.