Bayern Múnich have rejected a 50 million euro offer from Real Madrid for the services of 23 year old defender David Alaba AS has been informed from sources close to the Austrian international. Real Madrid's director general José Ángel Sánchez has held meetings in Munich on numerous occasions with the players father George Alaba who oversees in business matters relating to his son.

The Bundesliga club are anxious to retain the versatile player who can play in midfield as well as his established left back position and will not consider any offer of less than 80 million euro for the Austrian's servicies with Alaba renewing his deal at Bayern last year which contractually would see the player stay in Munich through to 2021.

Full screen David Alaba (AUT)

Replacement for Marcelo

Bayern club officials are anxious to quell any speculation over the players future who has been linked in recent times with a number of Premier League clubs was well as a possible move to Camp Nou.

Full screen Atletico Madrid v Real Madrid - UEFA Champions League FinalReal Madrid's Marcelo celebrates scoring during the penalty shootout Stefano Rellandini (REUTERS)

Real Madrid admire the players versatility and he is deemed to be the perfect substitute for Marcelo. Despite the initial rejection the Spanish club are not deterred in their quest to sign the defender according to the same sources.