Villarreal president Fernando Roig is in talks with Real Madrid over two additions for next season.
The Yellow Submarine have benefited from Denis Cheryshev's loan this term and Roig hopes to extend his deal into next season.
Real coach Carlo Ancelotti has been discussing taking the Russian back to the Bernabeu this summer.
Meanwhile, Roig is also interested in Castilla star Martin Odegaard.
The Villarreal president would like to add the Norwegian alongside Cheryshev as Real loan signings next season.