Real Madrid have set a new €50m asking price for Spanish international Marco Asensio, according to media outlet Mundo Deportivo.

The 26 year old made 19 starts and 12 substitute appearances for Real Madrid in the La Liga last season, scoring 10 goals.

Asensio has just one year left on his contract and is keen on leaving the club this summer as he wants regular football at this stage in his career.

As per reports from Mundo Deportivo, Los Blancos are prepared to listen to offers for the Mallorcan born attacking midfielder, provided interested clubs meet the current valuation of the 26-year-old.

Premier League sides Newcastle United and Arsenal are reportedly interested in signing the Real Madrid attacking midfielder. Italian champions AC Milan are also interested in the 26 year old.

Meanwhile, German champions Bayern Munich are fighting to stop Serge Gnabry from joining Spanish and European champions Real Madrid this summer.

Serge Gnabry has just one year left on his Bayern Munich contract and has been linked with a move to Real Madrid this summer.

Gnabry has reportedly rejected a new contract offer from Bayern Munich with the Germany international keen on leaving the German club this summer.

According to German media outlet Sport1, Bayern Munich want to sit down with Gnabry and his agent in the coming days to make a quick decision on the player’s future.

For Bayern Munich, it’s essential to avoid another free transfer. It’s either Bayern Munich extend Gnabry’s contract or sell the forward this summer but they are optimistic that he will finally extend.