Real Madrid remain in the hunt for Valencia fullback Jose Luis Gaya.
Real's interest has prompted Valencia to open new contract talks with Gaya's management company.
However, with his current deal carrying a €18 million buyout clause, there remains the danger of losing Gaya to Real in the summer.
Real, however, will not make a hostile move for Gaya, says AS, and will only make an attempt if he turns down Los Che's new contract offer.
The defender has been dubbed 'the new Roberto Carlos' by some Real scouts.