Real Madrid have held internal talks about signing Matheus Nunes, who has been discussed by decision-makers at the Bernabeu. It is understood that incoming new manager Jose Mourinho is interested in the player as he looks to add experience to the squad, and Nunes' versatility is also understood to be of particular interest. The 27-year-old is capable of playing in midfield or at right-back at a high level. One source stated that Real Madrid have had internal talks about targets and that Matheus Nunes is appreciated. The source also stated that Jose Mourinho would like to have the player's experience and winning mentality in the squad. Following Guardiola's departure, various sources have described a sense of 'uncertainty'. City are not looking to sell Matheus Nunes, but clubs are having conversations in case any players are significantly unsettled by Pep leaving.

According to El Chiringuito, agent Jorge Mendes has proposed Man City's 27-year-old Portuguese midfielder Matheus Nunes as a potential target for Real Madrid. Mendes also proposed Nunes's teammate Rúben Dias and West Ham midfielder Mateus Fernandes to the club. In the 2025/2026 Premier League season, Nunes made 34 appearances, scoring 1 goal and providing 7 assists. He has 20 caps and 2 goals for Portugal, and his current market value on Transfermarkt is €50.00m.