Loftus Road side set sights on Bernabeu bit-part player.
Sky Sports sources understand Queens Park Rangers are in talks with Real Madrid over the permanent signing of midfielder Esteban Granero.
The Hoops are looking to add some late reinforcements before the transfer window shuts on Friday, having already been linked with Real centre-back Ricardo Carvalho.
Granero, who has a year remaining on his contract in Madrid, is the latest target being linked with a move to Loftus Road.
The 25-year-old is already thought to be on the radar of Arsenal, Liverpool and Tottenham this summer but QPR could beat them to the punch after entering talks with Real over the Spaniard.
SOURCE: Sky Sports
Mark Hughes has brought in a number of high-profile summer additions and then watches as his QPR side got thumped by Swansea City and then collected a point away at Carrow Road and may therefore feel that he could do with one or two further signings before the transfer window slams shut.
Interest in Real Madrid midfielder Esteban Granero shows just how the West London side has grown in terms of their reputation and Hughes will hope that he does manage to pull off the signing of the talented Bernabeu bit-part player.
The 25 year old has struggled for regular first team football ever since he left Getafe for Real Madrid three years ago, returning to the side he spent he had represented since the age of nine. A move to the Premier League may well interest the former Spanish Under 21 international, especially after the arrival of Luka Modric from Tottenham.
Granero may well feel a move to QPR trumps possible interest from Arsenal, Tottenham & Liverpool as it could offer the midfielder the best chance of re-igniting a career that has stagnated at Real Madrid.
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