But Pochettino remains the favourite in the Spanish capital and in a recent interview he admitted that he would be open a move - as long as it was not to Arsenal or Barcelona.
Diario Gol claim that if a deal was to be struck at the end of the season then Pochettino would have a big rebuilding job on his hands.
And he would be allowed to visit former side Spurs to pick off some of their prized assets.
Surprisingly, striker Harry Kane is not at the top of his transfer list.
GETTY
Pochettino could reportedly take Hugo Lloris with him to La Liga.
Zidane admits frustration after Real Madrid's defeat vs Levante
In fact, goalkeeper Hugo Loris would reportedly be the 45-year-old’s player of choice.
Real have yet to find a consistent number one since Iker Casillas left the club in 2015.
But Lloris could be brought in to solve that problem and divert the interest away from Manchester United's David De Gea and Thibaut Courtois, of Chelsea.
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