Real Madrid manager Zinedine Zidane has reportedly left the door open for Tottenham Hotspur to make a move for Isco, while rivals Atletico Madrid tried to sign Alvaro Morata for a whopping £60 million but were rejected.
Los Blancos' main transfer activity has been completed, with no new signings expected before the end of the summer, but players could still leave the club in the coming days.
Marca (h/t Sport Witness) reported Isco is one such player, picking up on rumours linking him with Spurs which surfaced at the weekend.
Per the report, Zidane ruled out a James Rodriguez exit but did no such thing for Isco. Tottenham want the Spain international on loan, which could prove difficult, as he has just two years left on his contract and his value on the open market could plummet next summer as a result.
The 24-year-old has been a valuable member of Los Blancos since moving to the club from Malaga in June 2013, but his playing time saw a sharp decline last season, as Zidane didn't seem to trust the midfielder.
Isco and Rodriguez both took a back seat to Lucas Vazquez, and the emergence of Marco Asensio over the summer further complicates matters.
Transfer speculation has been almost constant, and Yahoo Sport UK's Andrew Gaffney doesn't think either player should count on their luck changing anytime soon:
Out of the two, Rodriguez joined the club more recently and for a bigger fee, so he's less likely to be moved. That leaves Isco as the odd man out, even though the player has yet to give any indication he would be willing to leave the club.
Here's a look at some of his highlights:
Loaning out Isco would be a risky move for Real. If he impresses with Spurs, plenty of clubs will come calling next summer, but with just one year left on his contract, none of those potential suitors will want to spend big money knowing they could sign him on a free transfer in January.
Isco has been loyal to the club so far, but if he relishes playing regular football and enjoys life at a different team, he likely won't cooperate if Real try to sign him to a new deal next summer.
It all comes down to Los Blancos' intentions―if they'd like to bring in a nice fee for Isco, a permanent solution is a better idea, but with the transfer window closing soon, they'll have to work quickly.
Meanwhile, AS (h/t the Sun's Tom Sheen) reported Zidane turned down a £60 million offer from Atletico for Morata.
Per the article, Los Blancos told interested Premier League clubs that was the fee it would take to convince them to sell, but when Atletico agreed, they informed manager Diego Simone they won't sell any players to their rivals.
Morata returned to the Estadio Santiago Bernabeu after two years with Juventus, with Real exercising their buyback clause. He's been heavily involved to start the season, as Karim Benzema is still working his way to fitness.
Here are some of his highlights from his last year with Juventus:
The Spanish striker will likely become a bench and rotation option once Benzema returns, but his early-season form has been great, and he could see more minutes than initially expected.
A sale to Atletico was never likely―Real watched as Morata scored twice in the UEFA Champions League semi-final between Los Blancos and Juventus in 2015 and clearly had no intention of giving him the chance to do the same for the Rojiblancos.