Reports: Madrid offer €10m for Canales

(GSM) – According to Spanish sports daily Marca, Real Madrid are prepared to pay €10 million to Racing Santander for the services of young starlet Sergio Canales.

Canales, 18, has been a hot midfield target for many big clubs, not the least of which has been the Merengues, who are likely preparing for the exit of some of their older players over the summer.

According to reports, Madrid, who are currently negotiating with Racing, are set to sign the player but loan him back to the club for the remainder of the season. It is possible that Canales could even be kept at Racing next season.

Canales, who is jointly owned by Racing and Deportivo La Coruña, has also been linked with moves to the top sides in England, but Madrid are the most active for the 18-year-old, who has been featured by Spain at every youth level thus far.

If all indications are correct, Canales could be unveiled as a Madrid player later this week.