Tevez is in Argentina preparing for the Copa America, however Real representatives will meet with his agents to discuss a move to Spain.
Meanwhile, the News of the World says businessman Kia Joorabchian, who was behind Tevez's transfer from Corinthians to West Ham last summer, has since spoken to officials at Inter Milan.
It is thought the Italian champions would be prepared to pay up to £34million for Tevez's services, eclipsing the £12million that Manchester United are willing to pay for a permanent deal.