Real Madrid president Florentino Perez will not blink if he needs to spend €500 MILLION this summer.

Florentino has already spent over €300m on new additions Rodrygo Goes, Eder Militao, Luka Jovic, Eden Hazard and Ferland Mendy.

And ABC says he is prepared to carry on with his spending spree to bring Manchester United midfielder Paul Pogba and potentially PSG striker Kylian Mbappe before the market shuts in two months' time.

And while €500m was put aside for new additions this summer, Florentino aims to add to that budget with a raft of summer sales. Indeed, it's claimed as many as 16 players could be cleared out before this transfer window slams shut.