All the latest news and gossip from the past 24 hours at The Emirates.
However the San Sebastian club have made it clear that he is not for sale - and if he were to leave he would cost at least £15 million.
Iker Casillas is again being linked with a switch to Arsenal. The Spanish star remains out of favour at the Bernabeu under new boss Carlo Ancelotti.
Casillas, who has played for Real since he was a child, is said to not be too attached to leave should his situation not change quickly.
Arsenal are reportedly his first choice as he would like to play Premier League football.
At the moment these remain rumours but watch this space.
Barcelona forward Pedro has revealed Arsenal are one of the teams he wants to avoid in the Champions League draw come Monday - along with Manchester City.
Both finished below Bundesliga opposition in their respective groups - despite beating them away from home.
And the Barca man admits dreading facing off against them in the last 16:
"It would be good to avoid Arsenal and Manchester City."
Of course Arsenal are now guaranteed a tough draw after finishing as runners-up - but Per Mertesacker is looking on the bright side.
"It is the same as last year," he said. "We got Bayern Munich last year and nearly went through. If you want to achieve something in the Champions League, you have to take every opponent seriously and I think it is better for us when we have a good lot…”
image: © Carlos RM