According to CaughtOffside, which cites 'sources close to the agents industry,' Rayan Cherki has been placed on a shortlist by Real Madrid ahead of January 2027. His transfer value is claimed to be €90m (£77m), and it is reported that Manchester City would have little interest in losing him unless an extraordinary offer arrived.

Sources close to the agents industry have informed CaughtOffside that Real Madrid, Paris Saint-Germain, and Bayern Munich are monitoring Manchester City's Rayan Cherki. It is reported that Madrid see the France international as a creative option capable of playing between midfield and attack. Manchester City have the playmaker under contract until 2030 and are in a strong negotiating position.