Chelsea and Manchester United have reportedly been quoted €50m (£43.3m) for Ferland Mendy, with Real Madrid open to selling the left-back during this summer's transfer window.
The 27-year-old had his injury problems last season but was still a key player for Los Blancos, making 35 appearances in all competitions, contributing two goals and five assists in the process.
Mendy still has more than three years left to run on his contract with Carlo Ancelotti's side, meanwhile, having penned a six-year deal with the capital giants upon his arrival from Lyon in July 2019.
There has recently been speculation surrounding the Frenchman's future, though, with Chelsea and Man United both said to be interested in signing him during the current market.
According to AS, Real Madrid have placed a €50m (£43.3m) valuation on the defender, with Juventus also said to be keeping a close eye on developments.
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Mendy played an important role in his side's 2021-22 La Liga title-winning campaign, featuring on 22 occasions, contributing two goals and two assists.
Meanwhile, he provided three assists in 10 Champions League appearances, with Ancelotti's side winning the trophy courtesy of a 1-0 success over Liverpool in the final at the end of last month.
However, it is alleged that Real Madrid are planning to use David Alaba as a left-back next season due to the arrival of Antonio Rudiger on a free transfer.
Ancelotti is believed to want to pair Eder Militao and Rudiger in the middle of the back four, with Alaba featuring in the position where he has spent the majority of his professional career.
Real Madrid have already been weakened at left-back this summer with the departure of Marcelo, but the club allegedly need to trim their wage budget and view Mendy as a player capable of raising a large transfer fee.
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Mendy has made 105 appearances for Los Blancos since his arrival from Lyon, contributing five goals and nine assists in the process.
Chelsea are expected to sign a new left-back this summer, as Marcos Alonso is in talks with Barcelona, while Man United could also target a new full-back ahead of the new campaign.
Luke Shaw and Alex Telles shared the left-back spot last term, but both players struggled for form, and the chance to sign Mendy in the current market is believed to appeal to new Red Devils boss Erik ten Hag.
Chelsea would be able to offer Champions League football to the Real Madrid defender next season, but Man United will only compete in the Europa League in 2022-23, having finished sixth in the 2021-22 Premier League table.