Last week Paris St Germain, Manchester United and Manchester City were linked with the winger.
But AS report that Real have no intention of allowing the player to leave the club this summer.
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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.