Real Madrid have reportedly opened negotiations with Malaga over a proposed summer move for Isco Alarcon.
The youngster has caught the eye this season and has previously been linked with possible transfers to Barcelona and Manchester City.
However, reports in recent days have suggested that Madrid see the 21-year-old as a priority reinforcement and Wednesday evening they apparently began talks with his Costa del Sol owners.
It is alleged that officials from Los Blancos have met with sporting director Mario Husillos, general manager Vicente Casado, the player’s agent Rafael Comino and his father Paco Alarcon.
It is understood that Madrid’s first objective is to lower the cash price for the attacking midfielder, down from Malaga’s current valuation at his €35m buyout clause and they may include players in a part-exchange offer to engineer that.
Earlier in the week, Malaga’s executive advisor Francisco Martin Aguilar told reporters that Madrid were interested in Isco, even if no offer had so far been made.