Real Madrid are hoping to bring in Manchester City striker Sergio Aguero over the summer transfer window, having given up hope of signing their prime target Luis Suarez from Liverpool.
Real are prepared to bide their time before pursuing Aguero, while doubts remain over the future of Karim Benzema, who is entering the last year of his contract at the Bernabeu.
Los Blancos president Florentino Perez ruled out an imminent move for the 25-year-old Argentine ahead of the World Cup, but the Daily Mirror's David Anderson reports a £60 million bid is being prepared.
Anderson highlights that Perez intriguingly left the door open when he said Madrid are "not thinking about making a move for Aguero—at the moment."
The Daily Star also reports that a bid will be made off the back of Perez's comment:
The newly crowned champions of Europe may be without Frenchman Benzema next season, with the 26-year-old now reportedly angling for a move to Paris Saint-Germain, per Nick Lustig in the Daily Star.
While Suarez had been rumoured as Los Blancos' prime strike target, per the Daily Express' Charles Perrin, it seems Aguero is now the main man.
Despite an injury-hit season, the Argentina international still managed to pick up 17 goals in 23 appearances in City's Premier League-winning campaign, per Squawka.
He has starred for the Sky Blues since his £38 million switch from Atletico Madrid in 2011, and he wrote himself into City folklore with a last-minute, title-sealing goal against QPR on the final day in 2012.
However, he may be open to a return to Madrid to join Real as, per Anderson's piece, he previously expressed an interest in playing at the Bernabeu. Additionally, his ex-wife and son both currently live in the Spanish capital.
Aguero's contract with City currently runs until 2017 and it would take quite an offer for the Manchester outfit to consider letting their star striker go.
However, they may be persuaded by a big-money offer, especially considering the recent sanctions imposed on them for breaking UEFA's Financial Fair Play rules, reported by BBC Sport.
Man City are fined £49m and capped to a 21-man Champions League squad after failing Uefa financial fair play rules http://t.co/oAWF88PEf8— BBC Sport (@BBCSport) May 16, 2014
But they would struggle to replace Aguero, who has been a consistent goalscorer in his three seasons at the Etihad.
Either way, after the World Cup in Brazil this summer, Real and City may be set for some protracted negotiations if the Argentina star is to return to Madrid.