Real Madrid are prepared to negotiate with Manchester United over the potential sale of Gareth Bale, according to The Independent.
Real are keen to sign a marquee forward this summer, with Chelsea's Eden Hazard and Monaco's Kylian Mbappe both targets, and may well sell Bale in order to fund a spending spree.
The Welshman is unlikely to come cheap, however, with any deal likely to cost United around £100 million.
Manchester United boss Jose Mourinho has set Real Madrid an ultimatum regarding their pursuit of David De Gea, according to Diariogol , with the Portuguese demanding Raphael Varane as part of any deal.
Varane is seen as the natural successor to Sergio Ramos at the Bernabeu and the Spanish capital club have a big decision to make on who they deem more important to their long-term future.
Alvaro Morata is keen for another stint in Serie A, this time with AC Milan, according to Sky Sport Italia ( via Football Italia ) .
The striker's fine form at Juventus convinced Real Madrid to exercise their buyback clause at the start of this season.
But after a year of largely warming the bench, a return to Italy is looking tempting for Morata as the 2018 World Cup looms.
James Rodriguez wants to leave Real Madrid for Manchester United instead of Inter, but the two sides are unable to reach an agreement on a fee, Diariogol reports.
Inter are willing to pay the €60 million necessary to sign him but United will not go higher than €40m. The report claims James will not budge on his preferred destination and is willing to stay at Madrid for another year if a move to Old Trafford does not materialise.
Inter want to complete an ambitious double swoop for Real Madrid duo Pepe and James Rodriguez, according to Sportitalia .
The likes of Manchester United have also been linked with the Colombian, who looks set to depart Madrid this summer after falling out of favour with Zinedine Zidane.
Manchester United will look to include Alvaro Morata in a potential deal should Real Madrid come back in for David de Gea in the close-season, Marca reports.
AC Milan have emerged as the most likely club to sign Morata, but United would be willing to cut their asking price for De Gea from €75 million to €25m if Morata were to move from the Spanish capital to Old Trafford.
Real Madrid are eyeing a move for Juventus defender Leonardo Bonucci, according to Don Balon .
Los Blancos are keen to bolster their defence ahead of next season with Pepe set to leave the club on a free transfer this summer.
They are likely to face competition for the Bonucci's signature, however, with Manchester City also keen on the Italy international.
Pepe is one of a number of players likely to leave Real Madrid this summer, according to AS , with Inter his most likely destination.
Fabio Coentrao, James Rodriguez and Mariano are also on their way out and Danilo, Alvaro Morata, Gareth Bale and Keylor Navas are not guaranteed to be at the Santiago Bernabeu next season.
Danilo has attracted interest from Arsenal and Paris Saint-Germain as he prepares for a summer exit from Real Madrid, according to Don Balon .
The right-back has struggled to impress in Spain but the Gunners are seeking a potential replacement for Hector Bellerin, should he depart, while PSG hope to tempt Neymar to the club by assembling a Brazilian core.
Barcelona have made a final offer to Isco in a bid to tempt the midfielder away from Real Madrid, according to Don Balon .
The 25-year-old has become a key player under Zinedine Zidane in recent months and is unlikely to leave despite the fact Barca are said to be willing to make him the highest-paid Spaniard in their squad.
Paris Saint-Germain forward Angel Di Maria would welcome the opportunity to rejoin Real Madrid, according to Don Balon .
The Argentine left the Liga champions for Manchester United in 2014 but is open to a second spell after recapturing his form in France.
James Rodriguez will leave Real Madrid this summer and may not feature at all in the Champions League final if Gareth Bale is fit, according to Sport .
Manchester United is the most likely destination for the Colombian, who does not want to stay at the Santiago Bernabeu under Zinedine Zidane.
Zinedine Zidane has asked Real Madrid president Florentino Perez to pursue a move for Chelsea star N'Golo Kante, according to Don Balon .
The Madrid boss is a big fan of his compatriot and would like to add to his defensive-midfield options this summer to ease the current reliance on Casemiro.