Last updated: 15th June 2008
Spanish reports claim Arsenal have taken a keen interest in Daniel Parejo.
The 19-year-old midfielder is one of the most highly-regarded young players in Spain.
Parejo played a leading role in Spain Under-19s European Championship victory and that led to interest from Liverpool.
But now Arsene Wenger's scouts are taking a keen interest in Parejo - who spent last season with Real Madrid's B team Castilla.
Parejo is tipped for big things and Real legend Alberto Di Stefano told As: "Parejo is the best talent in Madrid's youth teams."
However, should Arsenal or any other sides push ahead with a bid for Parejo - it is claimed Real will want as much as 15million euros (£11.8million).

A look at the best pictures as Michael Owen completes his surprise to Manchester United.
Pictures from the unveiling of Real Madrid's reported £56 million signing at the Santiago Bernabeu.
Pictures from the Under 21 championship semi-final between England and Sweden in Gothenburg.
Pictures from England's draw with Germany in the last Group B game of the Under 21 Championships.
A look at the best pictures as Michael Owen completes his surprise to Manchester United.
| Time | Result |
|---|---|
| Sunday 31st May | |
| Spanish Primera Liga | |
| Racing Santander 1 - 1 Getafe | |
| Sporting Gijon 2 - 1 Recreativo Huelva | |
| Osasuna 2 - 1 Real Madrid | |
| Real Betis 1 - 1 Valladolid | |
| Numancia 0 - 2 Sevilla | |
| Espanyol 3 - 0 Malaga | |
| Saturday 30th May | |
| Spanish Primera Liga | |
| Valencia 2 - 0 Athletic Bilbao | |
| Atletico Madrid 3 - 0 Almeria | |
| Deportivo La Coruna 1 - 1 Barcelona | |
| Mallorca 2 - 3 Villarreal | |
| Sunday 24th May | |
| Spanish Primera Liga | |
| Real Madrid 1 - 3 Mallorca | |
| Saturday 23rd May | |
| Spanish Primera Liga | |
| Athletic Bilbao 1 - 4 Atletico Madrid | |
| Valladolid 1 - 2 Sporting Gijon | |
| Almeria 0 - 3 Espanyol | |
| Malaga 1 - 1 Real Betis | |
| Recreativo Huelva 0 - 1 Racing Santander | |
| Getafe 1 - 0 Numancia | |
| Sevilla 1 - 0 Deportivo La Coruna | |
| Barcelona 0 - 1 Osasuna | |
| Villarreal 3 - 1 Valencia | |
| Pos | Team | P | Pts |
|---|---|---|---|
| 1 | Almeria | 0 | 0 |
| 2 | Athletic Bilbao | 0 | 0 |
| 3 | Atletico Madrid | 0 | 0 |
| 4 | Barcelona | 0 | 0 |
| 5 | Deportivo La Coruna | 0 | 0 |
| 6 | Espanyol | 0 | 0 |
| 7 | Getafe | 0 | 0 |
| 8 | Malaga | 0 | 0 |
| 9 | Real Mallorca | 0 | 0 |
| 10 | Osasuna | 0 | 0 |
| 11 | Racing Santander | 0 | 0 |
| 12 | Real Madrid | 0 | 0 |
| 13 | Real Zaragoza | 0 | 0 |
| 14 | Sevilla | 0 | 0 |
| 15 | Sporting Gijon | 0 | 0 |
| 16 | Tenerife | 0 | 0 |
| 17 | Valencia | 0 | 0 |
| 18 | Real Valladolid | 0 | 0 |
| 19 | Villarreal | 0 | 0 |
| 20 | Xerez | 0 | 0 |
If you're between the ages of 16-18 and fancy earning a year's contract with Inter Milan, then click here!
Man Utd are expected to rake in £80million for Cristiano Ronaldo. Join the debate on who Fergie should sign.
Guillem Balague explains why Real Madrid will view Cristiano Ronaldo as a "cheap signing".
Luis Fabiano's agent has claimed AC Milan have made an official approach to Sevilla for the striker.
Karim Benzema has spoken of his mixed feelings ahead of his proposed move from Lyon to Real Madrid.
Florentino Perez feels that 'two more signings' will complete his overhaul at the Santiago Bernabeu.
Joan Laporta claims Cesc Fabregas is Barca's top summer target and that he wants to re-join Barcelona.
Galatasaray have confirmed the signing of Atletico Madrid goalkeeper Leo Franco on a free transfer.