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Real Madrid hold talks over €40million transfer with major development in last 24 hours

Real Madrid have reportedly held talks with the ‘environment’ of Bayern Munich midfielder Thiago Alcantara over a transfer to the Bernabeu this summer.

However, a deal currently looks unlikely in the coming days as Real are some way off meeting Bayern’s asking price for the Spain international, according to Don Balon.

MORE: Real Madrid table £72million package to seal crucial late transfer

Los Blancos are claimed in the report to only be prepared to pay €40million for Alcantara, with his club rejecting that in the last 24 hours and asking for more like €60m for one of the finest midfield playmakers in Europe.

Perhaps cautious over his questionable injury record over the years, Real don’t currently seem prepared to go that high, though Don Balon add that they say nothing is impossible in the final few days of the European transfer window.

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Thiago Alcantara in action for Bayern Munich

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Madrid could certainly do with one signing in that area after loaning Mateo Kovacic to Chelsea this summer, while Luka Modric is not getting any younger and Toni Kroos suffered a slight dip in form last season.

While there’s hardly need to panic over the club’s midfield options, with youngster Dani Ceballos looking good so far after gaining more playing time under new manager Julen Lopetegui, it is worth remembering that their Champions League win last season papered over some cracks as they were poor in La Liga, finishing third in the table – 17 points behind champions Barcelona.

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