The former Valencia man has struggled for playing time at Madrid under Jose Mourinho.
According to Spanish daily AS the two English sides are interested in the player and may make a move for the 27 year old.
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.