At an absolute bargain price! Real Madrid are apparently planning their next transfer

Real Madrid are reportedly working on the signing of 19-year-old midfielder Sergio Martinez from newly promoted La Liga side Racing Santander.

Marca and As are both reporting this. According to those reports, Martinez has a release clause of three million euros in his contract, which runs until 2029, and would therefore be an absolute bargain. Other clubs are also said to be interested in the Spain Under-19 international.

Real have reportedly been monitoring Martinez for some time and could now make their move. If he changes clubs this summer, there are two options for next season. He could either train under Jose Mourinho with the first team and get match practice with the third-tier reserves, or return to Santander on loan for a season.

So far, Martinez has made only 14 professional appearances. One came in Sunday's league opener against Villarreal, when he scored his first goal for Racing in the 2-2 draw. Martinez is regarded as a player in the mould of the Spanish world champion Rodri, who recently turned down Real and chose arch-rivals Barcelona instead.

Real Madrid already invested 225 million euros in the transfer market

Real have already spent 225 million euros on new players in this transfer window. Their marquee signing is right winger Yan Diomande, who arrived from RB Leipzig for 125 million.

Los Blancos have also added left-back Marc Cucurella for 55 million from Chelsea, striker Carlos Espi for 25 million from UD Levante and right-back Denzel Dumfries for 20 million from Inter Milan. Centre-back Ibrahima Konate from Liverpool and midfielder Bernardo Silva from Manchester City arrived on free transfers.

Apart from that, the only departures have been ageing stars such as David Alaba and Dani Caravajal, along with academy products with no prospect of significant match practice, such as Gonzalo Garcia and Cesar Palacios.