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The president of Galatasaray has been offered the chance to take over at Reading FC, according to reports in Turkey.

Speculation has been rife over the weekend that Unal Aysal has been offered the opportunity to buy the club for £20 million by Royals chairman Sir John Madejski.

Reading have close links with the Turkish giants after the two clubs signed a partnership agreement last year.

Royals chief executive Nigel Howe and director Chris Samuelson flew to Turkey in February 2013, to meet with Aysal and finalise the agreement.

The arrangement was meant to lead to the clubs sharing knowledge on and off the pitch, including close co-operation between the first teams and academies, training support and scouting.

At the time Howe said: “We are delighted to have signed this agreement and both clubs see this as a great opportunity.

"Working together with a club the size of Galatasaray can bring great positives to us at Reading.

"This is the first time we have entered into such an agreement and to do it with a club the size of Galatasaray is a real coup and we look forward to now bringing it to fruition.”

Meanwhile, Uruguayan millionaire Richard Iribarne has also been linked with his own takeover bid.

The South American businessman, who owns Peruvian club, Atletico Grau, is said to be in talks with Madejski.