Former Swansea boss Brian Laudrup has reportedly rejected an approach from Real Madrid over their managerial position following the sacking of Julen Lopetegui.
The Spaniard was relieved of his position as Los Blancos head coach following a dreadful start to the season, with his last game in charge of the club resulting in a 5-1 demolition at the hands of Barcelona in El Clasico.
Santiago Solari has taken charge on an interim basis but the club are keen on appointing a long-term successor.
Negotiations with former Chelsea boss Antonio Conte have since fallen through, with the Italian reportedly put off over a statement made by Sergio Ramos.