The Holland international has been heavily linked with the Bernabeu-based side all summer as an alternative to Cristiano Ronaldo.
Real will meet Hamburg during the Emirates Cup tournament this weekend but Van der Vaart may not be present.
Marca claims that negotiations for the player are currently in progress and this may make him ineligible to take on his potential future employers.
The Spanish side are also looking to use the “neutral” ground to help them wrap up a deal for the promising star.
Van der Vaart could find himself wearing the Los Blancos jersey as early as next week if the deal goes through.
However, Real may consider delaying their swoop for the Dutchman following Ronaldo’s bombshell on Thursday morning.
The Portuguese international revealed he will tell Manchester United that he wants to play for the La Liga champions and this may scupper the VDV move.
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