The centre back has failed to break into the Real Madrid side since moving from Valencia in 2009.
Los Che, according to Marca, are hoping to sign him for a cut price fee in the region of 8 million euros.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.