Arsenal and Manchester City are reportedly interested in Real Madrid midfielder Isco.

Spanish publication Sport is reporting the Gunners are already contemplating a €30million move for the Spanish international during the January window, while City are also understood to be in the market for the 23-year-old.

Isco is struggling for regular first team action at Madrid, given the wealth of talent in Los Blancos' midfield, and is understood to be receptive to the idea of a move.