Premier League rivals Manchester United and Manchester City are reportedly waiting for Real Madrid to make a decision on whether to sell Isco.
The Spanish midfielder has been restricted to just 16 starts in all competitions this season, leading to claims that he could be on his way out of the Bernabeu in the summer transfer window.
Man United and Man City are two of the clubs monitoring his situation and, according to Sport, Madrid have not yet decided whether to cash in on the 27-year-old or keep him in place for another year.
Should Los Blancos opt to sell, it is suggested that Isco could generate a transfer fee of around £120m, despite his loss of form this term.
Madrid boss Zinedine Zidane is said to have been told that he will have the final say on the former Malaga playmaker's future.