Despite having splashed out over £80 million on new signings this summer, Calderon is ready to open his chequebook one more time to bring Alves to Madrid before Friday's transfer deadline.

Sevilla have slapped a £24 million price-tag on the Brazil international, but Real are convinced they will be forced to sell for a more reasonable fee.

Alves' relationship with Sevilla fans is beyond repair and he has refused to travel with the squad to Athens for this week's Champions League qualifier and Super Cup games. With Chelsea also having dropped out of the running, Sevilla have little choice but to negotiate with Real for Alves' sale this week.