Report: Real Madrid target Bayern Munich defender Alphonso Davies

The newly-crowned Champions League winners secured the services of French star Kylian Mbappe earlier this week, and are now turning their attention to Davies.

The Canadian left-back has long been a priority for Florentino Perez and the club's sporting department, who are eager to negotiate a deal with Die Roten in the coming weeks.

Reports from The Athletic indicate that the German giants are nearing an agreement on a new contract for Davies, which would effectively keep him off the market.

New head coach Vincent Kompany considers Davies an essential player for the upcoming season, potentially shifting the balance in Bayern's favour.

With Davies' current contract set to expire next summer, Real Madrid are exploring the possibility of a cut-price transfer.

Recently, the Spanish club have ramped up efforts to convince the 23-year-old not to renew his contract, thereby pushing Bayern to place him on the market.

Real Madrid are prepared to wait until 2025 to sign Davies as a free agent, though there are questions about whether the player is willing to delay his move for another 12 months.