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After a big-money switch from Benfica to Paris St-Germain in January this year, the 20-year-old failed to make an impression on boss Unai Emery and was subsequently moved on loan to La Liga outfit Valencia.

And the Portuguese starlet has found his feet at the club, with three goals and five assists in seven appearances.

The 20-year-old made headlines after his dazzling performance against Sevilla, scoring a brace in the 4-0 demolition.

And Real Madrid have begun sniffing around the former Benfica man.

Diario Gol has reported that Madrid chief Florentino Perez is already making moves to sign the Mestalla star, with Bale being the big-name to drop out.

The Welshman has suffered with poor form and injuries this season, and it is reported that president Perez has ran out of patience.

The former Tottenham winger, who signed for a then world-record fee of £85m in 2013, could return to the Premier League, with Spurs and Manchester United obvious suitors.

And Los Blancos are confident a deal could be struck with Guedes’ parent club PSG as both club owners are said to get on well with one another.

The signings of Kylian Mbappe and Neymar in the summer would also facilitate a move, with the Portugal star having no place in the first-team.

Jose Mourinho was keen on Guedes, who has three caps for his national side, in January, but was blown out of the water by PSG’s spending.