Real are preparing to take part in a three-way transfer, says Don Balon.
Chelsea midfielder Oscar is on his way to Shanghai SIPG for €70 million and the Blues will seek to replace him with James, paying €75 million to convince Real to sell.
Real will then use that cash to close a €30 million deal for Draxler.
However, the Draxler agreement will depend on Real successfully appealing against their current transfer ban.
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