The 19 year-old is the son of Girona coach Michel.
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Marca says Sanchez, currently playing for Real Madrid C, is ready to leave the club this month in search of greater playing opportunities.
Sanchez is now studying offers, and if any of them align with his development goals, he could push to leave Valdebebas.
The midfield prospect joined Real Madrid in 2019 from Rayo Vallecano.