Payet is one of the best players in the Premier League and was in brilliant form last season.
The 29-year-old attacking midfielder scored nine goals and created 116 chances in 30 league matches for West Ham.
During the 2014-15 campaign, the France international scored seven goals and created 134 chances in 36 Ligue 1 appearances for Marseille.
Payet is in good form at the ongoing Euro 2016 finals as well, having scored two goals and created 14 chances in two matches for France.
Madrid are the biggest club in the world, and their (reported) interest in the West Ham star should not come as a surprise.
However, it would be better for the 2016 Champions League winners if they do not pursue Payet and save their money to invest in Christian Eriksen next summer instead.
According to Goal.com, West Ham value Payet at £60 million, while the Frenchman’s agent, Mark McKay, has told Sky Sports that any transfer would cost “ridiculous money”.
For a player who is 29 years years of age and has had only two great seasons, £60m is too much. It would be a huge risk for Madrid.
Moreover, Madrid do not need any attacking midfielders at the moment. Isco and James Rodriguez may not have had great seasons in 2015-16, but they are younger than Payet and arguably more talented.
If Madrid do want to sign an attacking midfielder from the Premier League, then they should target Christian Eriksen instead of Payet.
Eriksen is 24 years of age and is arguably the most talented outfield player in the current Tottenham squad.
The Denmark international attacking midfielder scored six goals and created 114 chances in 35 Premier League appearances for Spurs last season.
During the 2014-15 season, the former Ajax star scored 10 goals and created 83 chances in 38 league matches for Tottenham.
Tottenham are not going to sell Eriksen this summer, but Madrid should keep an eye on him next season and try to sign him in the summer of 2017.
Eriksen would be 25 years of age next summer, and he would be a much better investment than Payet would be right now.