Real Madrid are following Malaga fullback Jesus Gamez.
Real had scouts posted at the Mestalla last week to see Gamez in action against Valencia.
Gamez's contract carries a £9 million buyout clause, but Malaga president Fernando Sanz is willing to negotiate a sale for around £5 million.
Real coach Juande Ramos rates Gamez highly and had him watched also when he was in charge of Tottenham.