The 24-year-old has played just 342 La Liga minutes, starting three of his 13 league games at Real Madrid this season.
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Rodrygo has found himself further down the pecking order under Xabi Alonso, and his place in Brazil’s squad for next year’s World Cup is in major jeopardy.
According to a report from TEAMtalk, the winger would be open to joining any of the Premier League’s ‘big six’ if it boosts his chances to make Ancelotti’s squad.
Each of the ‘big six’ are said to be monitoring the winger, but any mid-season move would be complicated, with Real Madrid expected to demand a fee of €80 million.