Lady Gaga has plenty of money to throw around at this point, and it looks like she may spend a chunk of that restoring Michael Jackson's Neverland ranch. Gaga has been known to purchase memorabilia from other notable celebrities, such as Judy Garland's Wizard of Oz ruby slippers, a frock worn by Daphne Guinness, and 55 of Michael Jackson's personal items--but never anything this big.

A source close to Gaga said, "Lady Gaga is obsessed with Michael. She's become good friends with his sister Latoya and would love more than anything else to restore Neverland to its original state. His kids are all desperate to hold on to their childhood home so they can decide what they want to do with it properly when they've grown up. Gaga would love to help with the financial costs by buying a share."