Real Madrid plan to use playmaker James Rodriguez as a bargaining chip to sign Christian Eriksen from Tottenham, report Diario AS.
James is currently on a loan deal at Bayern Munich until the end of the season and the German champions have a €35m option to sign the Colombian on a permanent basis.
The creative midfielder joined Bayern in the summer of 2017 on a two-year loan deal from Madrid but reports suggested he had fallen out of favour under new boss Niko Kovac.
The 27-year-old recently suffered an ankle ligament injury which has kept him out of action for over a month, meaning he has been recovering in the Spanish capital.
The former Porto and Monaco star spent three seasons at Los Blancos, helping them to two European titles, but started just 13 La Liga games in his final campaign.
Denmark international Eriksen is said to be on the shortlist of both Barcelona and Real Madrid while his contract at the North London club now has less than 18 months left to run.
Diario AS cite sources as saying the 26-year-old is unlikely to renew his deal at Spurs and a move to the current European champions would be his ‘first option’.
Earlier this month, Tottenham boss Mauricio Pochettino told reporters: “He is happy here, he is showing his commitment.
“Then, what is going to happen between him and the club is not only in our hands.”