Los Blancos are eager to continue littering their side with youth products after already tying up a deal for Flamengo striker Vinicius Junior, where Rodrygo is expected to be added to the fold imminently.
The 17-year-old forward, sometimes dubbed the new Neymar, has already broken into the Brazilian outfit's first team and scored five goals in his last nine league games, which included a hat-trick earlier this week.
According to Globo Esporte Real Madrid have outbid Barcelona in the race for Rodrygo, with the current Champions League holders understood to have tabled a €45m offer. While the report failed to state the details of Barcelona's proposal, it is being said the the Catalan giants are unwilling to enter an auction for the 17-year-old.
Barcelona's pursuit, however, was further complicated by a strained relationship with Santos which stemmed from them failing to settle a debt pertaining to their purchase of Neymar, according to the club's president Bruno Peres in earlier reports.
I get Real Madrid are kinda desperate to not let the "next Neymar" join Barcelona, but just want to say a small fact that neither Rodrygo nor Vinícius Jr will be the next Neymar. We have Neymar and we won't see a talent who'd come close to Messi any time soon. No next Neymar.— Aswin (@Zizouology) June 7, 2018
Rodrygo, much like Vinicius Junior, can only leave Brazil and join Real Madrid after turning 18-years-old, which falls on January 9, 2019.
Although Real Madrid look likely to tie up a deal for the 17-year-old, Rodrygo did field questions about interest from Spain earlier this week.
He said: "I do not know anything about that. If there is anything, the people who they should be dealing with are my father and my representatives.
"I have no preference [between Barcelona and Real Madrid]. They are two giants. My preference at the moment is Santos. I am fully focused on Santos, to continue doing my work here and at the moment, there is nothing else."