Incoming Real Madrid manager Carlo Ancelotti will consider an approach for Wayne Rooney if he fails to resolve his differences with Manchester United, according to the Daily Mail.
Bookmakers have slashed the odds on the England international moving to the Bernabeu, with his Old Trafford future remaining in doubt.
Ancelotti is ready to take over the Spanish club on Monday, with Paris Saint Germain set to appoint former United defender Laurent Blanc on a one year-rolling contract.
The ex-Chelsea boss is reportedly ready to move for a number of key players, including Edinson Cavaini, Luis Suarez and Gareth Bale, as well as Rooney, who has been valued at around £30 million.
Meanwhile, new Manchester United manager David Moyes returns from his holiday this week ready to work on his targets, with the Express reporting that a big money move for Gareth Bale could be on the cards.
Thiago Alcantara is another man who has been strongly linked with move to Old Trafford, and the Mirror understands that the Spanish U21 star will complete his move from Barcelona this week.
The 20 year olds brother Rafinha has also been linked with a move to the Premier League from the Catalan club, with Everton a likely destination for the highly rated attacking midfielder.