Madrid are far from the only club keeping a close eye on the Serbian international's status. If Vlahovic does indeed hit the market as a free agent, he will have his pick of Europe’s top divisions. Traditional powerhouses such as Bayern Munich and Barcelona have long been linked with the former Fiorentina man, viewing him as a long-term solution to their attacking needs.
In the Premier League, Arsenal continue to be credited with an interest, having missed out on the striker when he originally moved to Juventus in 2022. Additionally, AC Milan are thought to be attentive to the situation, potentially offering Vlahovic the chance to remain in Italy while moving to a direct rival in the hunt for the Scudetto.