Chelsea and Manchester United are among the clubs interested in signing Lucas Vazquez whose contract with Real Madrid expires in June.
The Spain international has been in contract negotiations with Los Blancos, but the club have not made a breakthrough over a renewal.
The Madrid giants have urged him to take a 10 percent pay-cut on his current £3m salary, which has led to the stand-off.
According to ABC, the versatile winger is attracting interest from some of Europe’s elite sides including the Blues and Red Devils.
Bayern Munich and AC Milan are also keen on his services, and the quartet are prepared to bow to the player’s demands.
Vazquez reportedly wants an increase on his current salary and on top of this, he is said to want at least a four-year contract.
The 29-year-old, who can play as a right-winger or right-back, has registered two goals and seven assists in 31 appearances for Los Blancos this term.