Jorge Valdano insists he's not been invited by Florentino Perez to join his Real Madrid ticket.

Valdano is understood to be sounding out potential signings - including Arsenal manager Arsene Wenger - on behalf of Perez.

But the Argentine says: "I have not even received an invitation to be part of Florentino's candidacy. When I do, I'll answer the question of whether or not I will be with him.

"It would be good for Madrid if it was Florentino who won the elections, because he's a person who thinks big."

Asked about Wenger, Valdano would only say: "It's something that I will not discuss. Right now the club is in a transition period and we have to let things run their course."