Real Madrid are set to offer Manchester City £70 million plus Gareth Bale in exchange for Raheem Sterling.
Sky Sports News understands representatives from Madrid will travel to watch Sterling play for England next month, at home to Montenegro and away to Kosovo, before deciding on the final details of a proposal to City.
Sterling’s representatives met with Madrid’s general director Jose Angel Sanchez in the summer in a failed bid to tempt City’s forward to the Bernabeu.
However, Madrid president Florentino Perez knows another 12 months without a deal will see Sterling’s £150 million present valuation increase.
Sterling has made no secret of his desire to play in La Liga – but with more reports on Monday in Spain that Bale wants to bring an end to his time in La Liga, Perez believes a deal could potentially be agreed with City.
Real’s interest in Sterling is well known behind the scenes at the Etihad. For their part City are desperate to keep hold of the player they bought from Liverpool in 2015 for £49 million – a then-record for an English player.