Real Madrid are reportedly prepared to offer striker Alvaro Morata to Borussia Dortmund in a player-plus-cash deal for Pierre-Emerick Aubameyang.

German publication Bild is reporting Madrid are using Juventus star Morata as an additional bargaining chip in the deal for Aubameyang, which is worth a reported £54.9million.

Madrid sold Morata to Juventus for £15.8m in 2014, but the La Liga outfit have the option to buy the player back for £23.5m.

It is understood Los Blancos will take advantage of the clause in Morata's contract before offering the player to Dortmund along with a monster transfer fee for Aubameyang.

Arsenal, Liverpool and Manchester United have all shown interest in the 26-year-old Gabon international, who has scored 32 goals in all competitions for Dortmund this campaign.