According to Spanish outlet Don Balon, Real are planning a raid on United for Rashford.
Perez is said to see the 20-year-old as being capable of adding another dimension to Real’s attack.
And he apparently believes Rashford will complement Ronaldo, who’s determined to stay at Madrid.
Losing Rashford would come as a huge blow to Jose Mourinho, who’s planning to overhaul United’s squad in the summer.
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Marcus Rashford has established himself in Jose Mourinho's plans at Manchester United
Utd: Martial and Rashford won't be comfortable, says Wright
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Real Madrid have got their eye on Manchester United star Marcus Rashford ahead of the summer
Express Sport understands Luke Shaw, Juan Mata, Ander Herrera, Chris Smalling, Phil Jones, Daley Blind and Matteo Darmian are set to be sold.
Marouane Fellaini and Zlatan Ibrahimovic will leave United when their contracts expire, while Michael Carrick is retiring.
Real winger Gareth Bale is on Mourinho’s radar as he looks to bolster his ranks at the end of the season.
Tottenham duo Toby Alderweireld and Danny Rose, Chelsea wideman Willian and Shakthar Donetsk midfielder Fred are being eyed up by the Portuguese as well.