El Correo says Real are weighing up a move for the 17 year-old this summer.
Along with Real Madrid, an English team is interested in Mutilva. His buyout clause is €1.5m, which will amount to €3m if he reaches the B team and €8m if he makes the first team.
Mutilva is 1.90 tall and stands out for his physical power and good control with both feet, although he is left-sided.
He arrived in Osasuna in 2019 from CD Pamplona. He recently renewed until June 2021.
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