By Lucas Brown Last updated: 21st May 2008
Real Madrid have reportedly joined the race to prise Alexander Helb away from Arsenal after making tentative contact with the player's represenatives.
The Spanish giants are set to compete with Internazionale and Barcelona, who have already expressed their interest following Hleb's reported willingness to quit Emirates Stadium.
Hleb is thought to be prepared to break his contract with Arsenal and buy out his current deal in order to enjoy one last major pay day at one of the continent's elite.
According to a report in Spain, the Gunners are prepared to offer the 27-year-old €75,000-a-week (£60,000) to try and persuade him to stay, but that would be eclipsed by the €125,000-a-week (£100,000) on offer from Inter.
Madrid are also prepared to meet that amount after sporting director Predrag Mijatovic joined the Hleb fan club and is keen to see him bolster the right side of Madrid's midfield.
According to AS, if Hleb were to leave then that would cause Cesc Fabregas to become concerned about the direction that the north London outfit are heading in.
Along with Mathieu Flamini, the Catalan midfielder and Hleb were close friends and if it appears that Arsenal are taking a step back then he could well consider his own future at Emirates Stadium next year.
Barcelona have also made their intentions clear by informing the player's agents that they would meet his demands as the club look to continue their summer rebuilding programme.
Camp Nou technical secretary, Txiki Begiristain, has been tracking Hleb for some time and the Catalan press believe that an official approach will be made as soon as Inter make their move.

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| Time | Fixture |
|---|---|
| Saturday 18th July | |
| Friendly Match | |
| 15:00 | Barnet vs Arsenal |
| Monday 20th July | |
| Friendly Match | |
| 19:30 | Lincoln City vs Arsenal |
| Wednesday 29th July | |
| Friendly Match | |
| 19:45 | Hannover 96 vs Arsenal |
| Saturday 1st August | |
| Friendly Match | |
| 16:15 | Arsenal vs Atletico Madrid |
| Sunday 2nd August | |
| Friendly Match | |
| 16:15 | Arsenal vs Rangers |
| Saturday 15th August | |
| Barclays Premier League | |
| 15:00 | Everton vs Arsenal |
| Saturday 22nd August | |
| Barclays Premier League | |
| 15:00 | Arsenal vs Portsmouth |
| Saturday 29th August | |
| Barclays Premier League | |
| 15:00 | Man Utd vs Arsenal |
| Saturday 12th September | |
| Barclays Premier League | |
| 15:00 | Man City vs Arsenal |
| Saturday 19th September | |
| Barclays Premier League | |
| 15:00 | Arsenal vs Wigan |
| Saturday 26th September | |
| Barclays Premier League | |
| 15:00 | Fulham vs Arsenal |
| Saturday 3rd October | |
| Barclays Premier League | |
| 15:00 | Arsenal vs Blackburn |
| Time | Result |
|---|---|
| Sunday 24th May | |
| Barclays Premier League | |
| Arsenal 4 - 1 Stoke | |
| Saturday 16th May | |
| Barclays Premier League | |
| Man Utd 0 - 0 Arsenal | |
| Sunday 10th May | |
| Barclays Premier League | |
| Arsenal 1 - 4 Chelsea | |
| Tuesday 5th May | |
| UEFA Champions League | |
| Arsenal 1 - 3 Man Utd | |
| Saturday 2nd May | |
| Barclays Premier League | |
| Portsmouth 0 - 3 Arsenal | |
| Wednesday 29th April | |
| UEFA Champions League | |
| Man Utd 1 - 0 Arsenal | |
| Sunday 26th April | |
| Barclays Premier League | |
| Arsenal 2 - 0 Middlesbrough | |
| Tuesday 21st April | |
| Barclays Premier League | |
| Liverpool 4 - 4 Arsenal | |
| Saturday 18th April | |
| The FA Cup sponsored by E.ON | |
| Arsenal 1 - 2 Chelsea | |
| Wednesday 15th April | |
| UEFA Champions League | |
| Arsenal 3 - 0 Villarreal | |
| Saturday 11th April | |
| Barclays Premier League | |
| Wigan 1 - 4 Arsenal | |
| Tuesday 7th April | |
| UEFA Champions League | |
| Villarreal 1 - 1 Arsenal | |
| Saturday 4th April | |
| Barclays Premier League | |
| Arsenal 2 - 0 Man City | |
| Saturday 21st March | |
| Barclays Premier League | |
| Newcastle 1 - 3 Arsenal | |
| Tuesday 17th March | |
| The FA Cup sponsored by E.ON | |
| Arsenal 2 - 1 Hull | |
| Saturday 14th March | |
| Barclays Premier League | |
| Arsenal 4 - 0 Blackburn | |
| Wednesday 11th March | |
| UEFA Champions League | |
| Roma 1 - 0 Arsenal | |
| Sunday 8th March | |
| The FA Cup sponsored by E.ON | |
| Arsenal 3 - 0 Burnley | |
| Tuesday 3rd March | |
| Barclays Premier League | |
| West Brom 1 - 3 Arsenal | |
| Saturday 28th February | |
| Barclays Premier League | |
| Arsenal 0 - 0 Fulham | |
| Pos | Team | P | Pts |
|---|---|---|---|
| 1 | Arsenal | 0 | 0 |
| 2 | Aston Villa | 0 | 0 |
| 3 | Birmingham City | 0 | 0 |
| 4 | Blackburn Rovers | 0 | 0 |
| 5 | Bolton Wanderers | 0 | 0 |
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