Real Madrid have told Borussia Dortmund and Jude Bellingham they want to sign him.
Having spent over €100m to sign AS Monaco midfielder Aurelien Tchouameni, Real will leave Bellingham at Dortmund this new season before moving for him for in 2023, says Cadena SER.
Real expect to spend €80-100m to land the England international, who has a deal to 2025.
Bellingham, 18, said last week: "The only future I'm thinking about is the next game with Dortmund.
"And I will be here next season. I'm ready."