Arsenal and Tottenham transfer target Isco is reportedly interested in a move to the Premier League but would prefer to play for a club competing in Europe, striking a blow to the Gunners’ chances of signing the Spaniard.
Isco will meet new Real Madrid boss Carlo Ancelotti next week for talks over his future, having played a bit-part role under Zinedine Zidane last term.
The former Malaga star made 25 La Liga appearances but only eight of those were starts. It has prompted suggestions that he could finally end his eight-year spell in the Spanish capital.
Zidane has since been replaced by Ancelotti, who departed Everton to re-sign for the club he managed between 2013 and 2015.
Ancelotti may tell Isco that he is surplus to requirements and the 29-year-old could seek a move. Both Arsenal and Spurs have been credited with taking an interest.
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Arsenal’s lowly eighth finish in the Premier League means that they have failed to qualify for European competition for the first time since 1996.
Meanwhile, Tottenham will feature in the inaugural Europa Conference League campaign after interim head coach Ryan Mason guided them to a seventh-place finish.
New Spurs head coach Nuno Espirito Santo will therefore have an advantage over counterpart Mikel Arteta in his quest to add Isco to his ranks.
Tottenham also have a positive relationship with Real having dealt with them several times in the past.
They have sold Luka Modric and Gareth Bale to the La Liga side in the last decade, while the latter was allowed back to Spurs on loan last season.
Not signing Isco would be another setback in Arsenal’s transfer plans, having already missed out on several targets.
Arteta, who has been trusted with leading business despite a poor campaign, missed out on Norwich City attacker Emiliano Buendia, who will officially sign for Aston Villa after Argentina’s Copa America success.
Reports linking the Gunners with Villa star Jack Grealish have since cooled, while Brighton have knocked back two bids for defender Ben White.
Arsenal have reportedly made a third offer for the £50m-rated centre-back.
Arteta and sporting director Edu achieved their first signing of the summer on Saturday, securing left-back Nuno Tavares in a £6.8m deal from Benfica.
The 21-year-old will likely provide back-up to Scotland international Kieran Tierney.
Anderlecht midfielder Albert Sambi Lokonga is also widely believed to be closing in on a move to the Emirates Stadium.
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