Can a kraken cast wizard spells which require verbal and somatic components?

The Kraken, according to the monster manual, can "Understand Abyssal, Celestial, Infernal, And Primordial But Can’t Speak, Telepathy 120 Ft." The Kraken also does not have hands. It seems as if the Kraken can barely cast any spells at all. Can these factors be somehow overcome or explained away, ideally whilst staying within the basic 5e rules?