Real Madrid will only offer €15 million cash for Benfica fullback Fabio Coentrao.
Real are also willing to include a selection of players, but will not go higher as far as the cash component is concerned.
Coentrao is also a target for new Chelsea boss Andre Villas-Boas.
Real have pulled back from negotiations as they focus on finding buyers for Lassana Diarra and Fernando Gago.
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