Real Madrid attempted to sign Roma striker Edin Dzeko in January but the deal fell through, Marca have reported.
Los Blancos were searching for an alternative to Karim Benzema and contacted the former Manchester City forward.
Chelsea also targeted Dzeko, but like Real Madrid could only offer a role as a substitute. Dzeko opted to stay in Rome where he is a guaranteed starter.
Manager Zinedine Zidane was reportedly reluctant to agree to the signing of Dzeko, although he eventually listened to the board's proposals.
Dzeko has scored 17 goals in all competitions for Roma this season, including the crucial winner in his side's Champions League last 16 victory against Shakhtar Donetsk.