Florentino Perez is watching proceedings across the city and is considering a move for Jan Oblak.
Real Madrid want a new goalkeeper to replace Keylor Navas.
David de Gea and Thibaut Courtois remain top targets but Madrid are also considering moves for young Spanish stopper Kepa Arrizabalaga.
However if those moves fall through Perez could step up his interest in Oblak, according to Don Balon.
Atletico dropped out of the Champions League this week and a number of players’ futures are in doubt.
The financial deficit combined with the damage to their reputation could see players and staff move on.
Diego Simeone’s future is also uncertain and Don Balon claim Oblak as well as Antoine Griezman could leave if the manager goes.
Simeone was linked with Everton last month but is expected to stay until the summer at least
Griezmann is expected to leave to either Manchester United or Barcelona, while Oblak has admirers all over as well.
PSG and Manchester United, if De Gea leaves, are among them. But Real are now part of the equation.