Isco, 22, chose Real instead of joining his old Malaga boss Manuel Pellegrini at the Etihad last summer when he signed for £25 million.
But with the multi-million arrival of James Rodriguez and Toni Kroos, Isco looks like being another victim of Carlo Ancelotti’s superstar shake up.
Isco is now said to be considering a move away after coming to terms with the fact that he’s no longer needed at Real, which has also alerted Liverpool.
He would fill the void left by Alvaro Negredo’s injury as he faces two months on the treatment table after suffering a foot fracture.
The only stumbling block would be the £31m transfer fee with City hampered by UEFA’s Financial Fair Play rules.
“There is a player at Real Madrid who arrived last summer and the next season will leave again”
Francois Gallardo
But they could negotiate a loan deal at first for Isco who scored eight goals in 32 appearances for Real last season and earned two caps for Spain.
Pellegrini would love to bring in Isco which ever way he can as he strengthens his City squad for the defence of his Premier League title this season.
And the signs are clear that the City boss could make a move this week with Isco’s agent Francois Gallardo giving a mysterious clue to his future.
Gallardo said: “There is a player at Real Madrid who arrived last summer and the next season will leave again.
“I don’t know whether he is to be loaned or sold. But it’s Isco.” DAILY STAR