Real Madrid will meet £35M Arsenal price for Cesc
Cash-strapped Barca are still expected to make another attempt to lure Fabregas to his hometown club.
But Perez is desperate to get one up on Madrid's hated rivals following defeat in the Champions League semis. Real have splashed £400million in the last two summers but have only this year's Copa Del Rey to show for it.
Arsenal will reluctantly part with their skipper if a £35m bid comes in, though they will be hoping a bidding war hots up between the two Spanish giants.