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According to the Evening Standard, the Belgium stopper is concerned that if Real sign Manchester United's David De Gea next month he will never get the chance to play for the club himself.
Courtois enjoyed three years on loan from Chelsea at Real's rivals Atletico Madrid before returning to Stamford Bridge last season.
His representatives have reportedly begun inquiring as to Madrid's interest in the stopper, although he would likely carry an asking price of over £70million.
De Gea, meanwhile, could be sold on the cheap as Real seek to exploit his contract situation.
With the United goalkeeper entering his final year at Old Trafford, Bernabeu bosses believe they can pinch the Spain international for as little as £13m.
The Uruguayan, 24, joined the Anfield club four years ago for £7m but failed to make an impact under manager Brendan Rodgers.
He was fielded on loan to the Black Cats last season and is now close to completing a £3.5m permanent switch.
The funds could be used to buy Charlton's young centre-half Joe Gomez, who has also attracted the attention of Manchester City and is valued at £4m.
New Magpies manager Steve McClaren brought the player to Derby County on loan last season, where he made 15 appearances.
And the former England head coach discussed how he will go about his transfer activity this summer.
He said: "You need a good recruitment policy, good players coming together and the timing has to be right, and I believe it is right now.
"I will get the board together, discuss the squad, what are the plans, what do we think."
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