Newcastle United join race to beat Liverpool, Arsenal and AC Milan to 26-year-old's signature

The 26-year-old has a year remaining on his current deal at the Santiago Bernabeu and his future is uncertain with Real Madrid considering cashing in as a preferred alternative to losing him on a free next summer.

Spanish outlet Sport claim that Newcastle United and Premier League rivals Liverpool are interested, but no offers have been made so far. Arsenal have also been credited with an interest.

The Spain international scored 12 goals in 42 appearances for Real last season as he picked up his third La Liga and Champions League winners medal.

Should Asensio stay in Madrid, he is likely to be a rotation option and could risk losing his place in the Spain squad for the upcoming World Cup in Qatar. A move to Liverpool would likely see Asensio play a similar role, which could see him explore other options elsewhere.

Serie A champions AC Milan are understood to be keen and could virtually guarantee the player first-team football when fit, the same could also be said of Newcastle.

The Magpies are in the market for an attacking-midfielder capable of playing out wide. Asensio certainly fits that bill but no formal approach has been made for the player so far.

While Madrid value the player at around £42million, the time he has remaining on his contract has seen them lower their asking price to around £30million.

With Asensio’s current wages at Real Madrid understood to be around £120,000 per week, Newcastle would be able to accommodate him into their wage structure providing he was offered a similar deal.