A second offer - and British transfer record - of £35 million would be acceptable to Real but they will not let the move happen until they have a replacement of equivalent stature in place.
According to sources in the Real camp, Robinho is angry with the club, not because they have prevented him from going to the Olympics with Brazil but because he feels they undervalue him. Robinho earns £1.7 million a year at the Bernabeu, which would rise to £6 million a year were he to sign the five-year deal that has been put together for him at Chelsea.