Real Madrid are preparing a €300 million (Dhs 1.2 billion) bid for PSG forward Neymar, reports Spanish publication Sport.

Los Blancos remain in the market for a replacement in attack following Cristiano Ronaldo’s departure to Juventus during the summer transfer window. With money available, the club are ready to step up their efforts to land a key name.

However, this will depend on whether UEFA will punish the Ligue 1 champions for Financial Fair Play breaches.

If the Neymar deal does not go ahead, then Real will move for Inter’s Mauro Icardo or Red Bull Leipzig’s Timo Werner.