Real have €300m to spend
The Spanish giants are keen to reinforce their squad with a Galactico signing, with their last major buy coming in 2014, when James Rodriguez joined the club for €80m.
They have been linked with several stars this time around, including PSG's Neymar and Tottenham's Harry Kane.
'Neymar happy at PSG'
Paris Saint-Germain coach Unai Emery has moved to quash rumours that Neymar could be in line for a summer move to Real Madrid.
Reports have suggested the Brazil star has become unhappy in Paris, even perhaps regretting leaving Barcelona for the French capital club in a move that made him the most expensive player of all time.
Additionally, Goal revealed that Neymar has a gentlemen's agreement with the PSG board which will allow him to leave for Madrid should he help deliver Champions League glory to the Ligue 1 champions .
Emery, however, insists his star attacker is going nowhere.
Ronaldo leaving depends on Neymar
Cristiano Ronaldo will only be allowed to leave Real Madrid if the Spanish giants sign Neymar, according to AS .
The Spanish outlets claims that Ronaldo wants to join Manchester United, but that Los Blancos will only allow that move to happen if the club lands Neymar in the summer.
The report also claims that Ronaldo could be used as part of the deal to land the Brazilian star, keeping him from making the jump back to the Red Devils.
Luan rubbishes Liverpool link
Gremio star Luan has denied that Liverpool have made an offer for his services.
Rumours this week have suggested that the Reds have entered into talks with the Brazilian club, as they prepare to trigger his £15.75 million release clause.
However, the 24-year-old, who has also been heavily linked with Barcelona, has now rubbished such reports.
Barca in Brazil to negotiate with Arthur
Barcelona have sent a delegation to Brazil to negotiate the signing of Arthur from Gremio, according to Mundo Deportivo .
The midfielder has long been on Barca's wanted list, and the club have already agreed terms with the player.
Kroos considers Madrid exit
He is concerned about the competitiveness of the current Madrid squad, but feels the signing of Alaba would go a long way to alleviating his worries.
Chinese offer for Iniesta
Shanghai Shenhua have made a surprise offer to sign Barcelona captain Andres Iniesta, claims TransferMarketWeb .
Barcelona have no plans to sell Iniesta and the 33-year-old recently insisted the arrival of Philippe Coutinho won’t see him leave Camp Nou.
Madrid prepare Bale-Kane swap deal
Real Madrid are prepared to sacrifice Gareth Bale in order to land top forward target Harry Kane, reports Don Balon .
Bale has been in excellent form since recovering from injury shortly before the new year, and is Madrid's top scorer in La Liga this season.
But he could still leave the club in June, with a move back to Spurs a possibility if the Merengue seek out the London club's star.
Madrid to set sights on Hazard
Real Madrid will likely set their sights on Eden Hazard after being told by PSG that Neymar will not be sold, reports the Telegraph .
Despite consistent links between Neymar and the Spanish giants, the report claims that PSG will not let the Brazilian leave, and with Madrid looking to re-build their attacking force, Chelsea star Hazard will be one of the club's top targets.
Madrid dressing room back Zidane
The Real Madrid dressing room has closed ranks around Zinedine Zidane as the coach struggles through the worst crisis of his short tenure as Merengue coach.
Wednesday's Copa del Rey defeat to Leganes sent shockwaves through the club, leaving an unsightly wound in a Madrid side that is already reeling due to their chronic underachievement in La Liga so far this season.
The circumstances of defeat, in front of a bemused Santiago Bernabeu and to a less-than-illustrious rival, only heightens the feeling of disaster around the Spanish capital, with Zidane taking the brunt of criticism for the Copa exit.
Coutinho makes Barcelona debut
Philippe Coutinho made his debut for Barcelona on Thursday, coming on in the 68th minute of Blaugrana's Copa del Rey quarter-final second leg clash with Espanyol to replace Andres Iniesta.
It was a sharp cameo for the Brazilian that will leave the fans wanting more.
Isco demands Zidane sacking
Real Madrid star Isco has issued an ultimatum to Florentino Perez, saying either Zinedine Zidane is sacked or he will walk out, claims Diario Gol .
The former Malaga playmaker was upset to be subbed towards the end of Wednesday's Copa del Rey defeat, and is reportedly desperate to see Zidane removed from his post.