Real Madrid have already completed the signing of Aurelien Tchouameni from Monaco, with the midfielder choosing Los Blancos despite interest from Paris Saint-Germain.
Antonio Rudiger has also arrived on a free transfer from Chelsea, with head coach Carlo Ancelotti boosting his options for the 2022-23 campaign.
Here, Sports Mole provides a transfer roundup of the biggest stories involving Real Madrid, who won a La Liga and Champions League double last term.
REAL MADRID 'DETERMINED TO WIN JUDE BELLINGHAM RACE'
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Real Madrid are reportedly determined to secure the signature of Borussia Dortmund midfielder Jude Bellingham during next summer's transfer window.
The England international will not be leaving BVB in the current market, but he could move on next summer, which is likely to spark a scramble between the biggest clubs in world football.
Liverpool, Manchester United, Manchester City and Chelsea are all believed to be keen to bring him to the Premier League ahead of the 2023-24 campaign.
However, according to Cadena Ser, Real Madrid are desperate to secure the 18-year-old's signature and are prepared to make an €90m (£77.8m) offer for the youngster.
Los Blancos are also allegedly willing to hand the former Birmingham City youngster a contract for five or six seasons.
REAL MADRID NOT PLANNING ANY FURTHER SUMMER SIGNINGS
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Real Madrid president Florentino Perez has said that the club are not currently planning to make any more signings in the current market.
Los Blancos have brought in Rudiger on a free transfer from Chelsea, while Tchouameni has moved to Bernabeu in a big-money deal from Monaco.
The capital giants continue to be linked with a number of attackers, having missed out on the signing of Kylian Mbappe on a free transfer, with the Frenchman penning a new deal at PSG.
However, Perez has claimed that the club are not currently planning to make any more signings.
"There will be no more signings, as of now. But then let's see what is gonna happen, summer is very long," Perez told El Chiringuito when asked about the club's plans for the remainder of the window.
KARIM BENZEMA TO SIGN NEW REAL MADRID CONTRACT?
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Karim Benzema is reportedly on the verge of signing a new contract at Real Madrid.
The France international enjoyed an excellent 2021-22 campaign for Los Blancos, scoring 44 goals and registering 15 assists in 46 appearances in all competitions.
The 34-year-old only has little over 12 months left to run on his contract at Bernabeu, but according to Marca, he is close to penning an extension with the La Liga and European champions.
The report claims that Benzema is preparing to sign a new deal until June 2024, with Real Madrid confident that he can continue to perform at the top level for at least the next couple of years.
The Frenchman has found the back of the net on 323 occasions in 605 appearances for Los Blancos since making the move from Lyon in 2009, in addition to contributing 159 assists.