Arsenal and Manchester City are both reportedly monitoring Isco's situation at Real Madrid.
The 23-year-old is one of the most popular players with the Los Blancos supporters, but it is still unclear whether he is first choice when the Spanish side have a fully-fit squad.
According to Sport, both Arsenal and Man City are closely monitoring developments at the Bernabeu and will make a move if any hint of unhappiness is seen.
The same report claims that a number of European clubs are also closely watching the situation.
Isco joined Real Madrid from Malaga in 2013 and has already racked up over 100 appearances during his time in the Spanish capital.
