Victor Munoz has been linked with both Barcelona and Real Madrid after impressing for Osasuna and receiving a first call-up to the Spain team this season.
Real have a right of first refusal on Munoz, a purchase option, and half of his economic rights and are “not willing” to lose him to their bitter rivals.
Munoz has changed agents recently, fuelling more speculation about a move to Barca, but the report is adamant that this has nothing to do with a possible future transfer to Camp Nou.
Premier League clubs and Serie A teams are also said to be interested in Munoz, who has a release clause set at €40 million, but Madrid can buy him back over the next three summers for €8m, €9m, or €10m.