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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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.