Real Madrid president Florentino Perez is ready for a massive spending spree this summer.

Florentino recognises his Real squad is in desperate need for rejuvenation and is preparing for a record transfer spend at the end of this season.

Sportmediaset says the president is willing to spend a staggering €400m to rebuild their squad.

PSG stars Neymar and Kylian Mbappé are both on Florentino's shopping list along with Chelsea ace Eden Hazard.

And as alternatives, also on his shopping list are Harry Kane (Tottenham), Matthijs de Ligt (Ajax Amsterdam) and Paulo Dybala (Juventus).

Those close to Florentino say he expects it will cost the club €400m to enact his summer rebuild plans.