Real Madrid president Florentino Perez is ready to perform a major clearout this summer.

After their elimination from the Champions League, Florentino recognises a rebuild is needed and aims to raise as much as €250m from sales at the end of this season.

Those to be transfer-listed include Raphaël Varane, Alvaro Odriozola, Isco, Mariano Diaz, Marcelo, Luka Jovic and Dani Ceballos.

Jovic is currently on-loan with Eintracht Frankfurt, while Ceballos is with Arsenal.