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The Spanish giants are keen to bring in a ‘Galactico’ signing in order to appease fans and restore their reputation as Europe’s most fearsome side.
Real haven’t made a mega-money signing since splashing out £86m to sign Gareth Bale from Tottenham in 2013.
And they could be required to bring in a number of new faces this summer, with star forwards Cristiano Ronaldo and Karim Benzema linked with Bernabeu exits, along with Manchester United target Bale.
Los Blancos are rumoured to be after a number of European superstars, including Harry Kane, Eden Hazard and Neymar.
Guillem Balague's all-time Real Madrid XI

“Florentino Perez has his heart set on former Barcelona star Neymar, who only joined French side PSG last summer.”
And according to Don Balon, Zidane and Perez are in disagreement over who to bring in.
Perez has his heart set on former Barcelona star Neymar, who only joined French side PSG last summer.
But Zidane is desperate to recruit Chelsea winger Hazard, who is reportedly stalling on a contract extension at Stamford Bridge.
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Real are desperate for reinforcements as they look to rescue their season in the second half of the campaign.
They face a tough test against PSG in the last 16 of the Champions League and they currently sit fourth in La Liga, 14 points behind leaders Barcelona.