Real Madrid president Florentino confirms Parejo, Callejon transfer plans
Parejo is currently with Getafe after signing for them in 2009.
The Under 21 international midfielder has now emerged as one of the best prospects in La Liga, and Real retain a buy-back option on him.
Real also have an option on 24-year-old Callejon, who has emerged as a very good player on the wing at Espanyol.
"(Daniel) Parejo and (Jose) Callejon are two possibilities we are contemplating in June," Real president Perez told radio station Cadena Ser.