Madrid would have offered £177m for Coutinho
However, it is unclear if Los Blancos were just looking to increase the price tag to throw off their Liga rivals and slow down the transfer process.
Coutinho had made it clear that he had been interested in leaving Liverpool for Barcelona, who will be formally unveiled on Monday.
Ronaldo prefers Chelsea move
Cristiano Ronaldo would prefer a move to Chelsea as he weighs up leaving Real Madrid, according to Don Balon.
The Portuguese continues to be linked with a move away from Santiago Bernabeu, with the Blues among those that have expressed an interest.
Getafe target Madrid keeper
Getafe are lining up a move for Real Madrid goalkeeper Kiko Casilla, if they lose current No.1 Vincente Guaita, reports AS .
Guaita is out of contract at the end of the season and Crystal Palace are hoping to agree a deal to sign the keeper for a fee in the January transfer window.
If Palace seal a deal for Guaita, then Getafe will look to sign Casilla for the second half of the season, should Madrid finalise their own swoop for Athletic Bilbao’s Kepa.
Real Madrid want Courtois and Hazard
Chelsea duo Eden Hazard and Thibaut Courtois are Real Madrid's top transfer targets in the summer, according to Sky Sports .
Los Blancos will wait for Tottenham star Harry Kane, who is believed to be a long-term target for the team.
Hazard's current deal is set to expire in 2020, while Courtois has another year on his contract and wants to decide his future before the end of the season.
Chinese club to match Real Madrid's Bale valuation
Guangzhou Evergrande are set to rival Manchester United for the signing of Gareth Bale, according to The Mirror .
The Chinese Super League are prepared to meet Real Madrid's £85 million valuation of the 28-year-old, who has struggled with injury this season. Manchester United have long been seen as the favourites to sign the Welshman, but China's richest club are hoping to unite him with coach Fabio Cannavaro.
Donnarumma wanted as Courtois replacement
The Premier League champions are hoping to agree a new contract with Courtois, whose current deal expires in 18 months’ time.
However, he has been strongly linked with a move to Real Madrid and, if the Belgian ends up at the Santiago Bernabeu, then Chelsea want Donnarumma to replace him.
Madrid no longer looking at Luiz
Real Madrid have backed away from the idea of bringing in David Luiz, according to Don Balon .
The Spanish side made contact with the Brazilian a few weeks back, according to the report, but he has been left waiting since then.
While Luiz also drew interest from Manchester United, he was more interested in Los Bloncos, though it now seems as though Zinedine Zidane believes he might cause issues in the dressing room with the club having two established centre-backs.
Tottenham set £300m Kane asking price
Real Madrid will have to pay up £300 million to sign Harry Kane from Tottenham, The Mirror reports.
The Champions League holders are considering making a move for the goal machine and chairman Daniel Levy is desperate to warn them off with a massive valuation.
Manchester United have also been linked with the Spurs star in recent days.
Mourinho wants Bale signed in January
Manchester United are set to make an attempt to sign Gareth Bale from Real Madrid in the January transfer window, The Express reports.
The Old Trafford side have long been interested in the Wales international and are hoping they can lure him this month to appease coach Jose Mourinho.
Real Madrid set to bid for Salah
Mohamed Salah's early-season success with Liverpool has led to interest from Real Madrid, OK Diario reports.
Zinedine Zidane's men have misfired offensively this season and are looking for solutions in front of goal, with the Egypt star touted as a possibility after an explosive beginning to life at Anfield.
Madrid are aware that a deal during January will be complicated but are set to return in the summer.