Jermaine Pennant could still become a Real Madrid player in the January transfer window after the Spanish giants made their interest more concrete this week, according to a report.
The Liverpool winger was rumoured to have demanded too much in personal terms when asked about a contract at the Bernabéu and was thought to be considering a move to Wigan Athletic.
Instead, Sky Sports believe that Madrid are still very much in the running and view the former Arsenal wideman as a good candidate to play on the right wing for them due to his asking price.
Los Merengues have already spent €40 million in the winter transfer window on Klaas-Jan Huntelaar and Lassana Diarrà and do not want to splash any more big quantities around.
A move for CSKA's Milos Krasic will only materialise if the Russian outfit are prepared to loan the Serbian international first with a view to a permanent move being included.
Even the temporary signing of Krasic would cost Madrid around €1.5m so a €3m bid for Pennant looks appealing, as long as the club believe that he can play regularly and steer clear of injuries.
Liverpool will not stand in the 25-year-old's way as his contract at Anfield runs out in the sumer and he is no longer a part of Rafa Benítez's plans.
Lucas Brown, Goal.com
De Rosario traded to hometown team
A season of firsts for Real Salt Lake
Krasic Confirms Real Madrid Contact