Borussia Dortmund chief Sebastian Kehl insists a move to Real Madrid for Jude Bellingham this summer is not guaranteed.

Real is Bellingham's favoured destination, though Manchester United, Manchester City and Liverpool are also in contact.

Kehl insists there's no buyout clause in Bellingham's deal, so leaving BVB with some control of the situation.

He told Marca: "There is no buyout clause and he still has two years left on his contract. He is a player who has value for us and those who want him will have to pay for him.

"If he leaves us, it will be possible for us to get a lot of money according to market prices. There have been periods when I have had the feeling that he will leave us, and others when I have thought that he will stay. The battle for him will intensify after the end of the season."