Simeone spent around €130 million over the summer to bring in several new faces including left-back Alex Grimaldo from Bayer Leverkusen.
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The Spain international has made the position his own in Madrid, with an impressive four goals scored, but Simeone wants two solid players for each place in his squad.
As per reports from Marca, after twice missing out on Argentina international Nicolas Tagliafico, the club will not move for him again as Sergi Cardona is now the target.
His contract at Villarreal expires in June, and an exit in January could be wrapped up for a low transfer fee, for a player with over 200 appearances across the top two tiers of Spanish football with Las Palmas and Villarreal.