According to Spanish publication Diario Gol, Real chief Florentino Perez is determined to sign the Brazilian sooner rather than later.
And that means he's ready to offer Paris Saint-Germain Ronaldo, plus a cool £89m (€100m), to tempt them into selling.
If that agreement comes off it will allow Real to offload Ronaldo's wages and pay Neymar as much as he wants.
GETTY
Neymar joined Paris Saint-Germain from Barcelona in a world-record deal over the summer
Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
Football fans chant 'Messi' at Ronaldo
Ronaldo is said to be against being traded for a player that he competes against for individual awards.
However, if PSG's Qatari owners are prepared to pay him what Messi earns at Barcelona, that could change.
If PSG are unwilling to entertain a part-exchange, Perez has £222m (€250m) available to splash out on Neymar.