Real Madrid are hopeful of agreeing a £10m deal with Manchester City for highly-rated youngster Brahim Diaz, according to a report.
The Citizens are desperate to tie the 19-year-old down to a new deal, having entered the final six month of his existing contract.
Madrid have been keeping a close eye on the situation and now appear to be ready to pounce for the Spain Under-21s international.
ESPN claims that Los Blancos are ready to table an eight-figure offer ready for the New Year, as they are keen to get a transfer over the line before another team comes forward.
Diaz is supposedly reluctant to extend his City contract as he has been used just three times this season, with his last outing coming in November when scoring twice in the EFL Cup win against Fulham.