In a surprising twist to the January transfer window, Real Madrid have reportedly set their sights on Al-Hilal's Rúben Neves.
As of Friday, January 23, 2026, the Spanish giants have identified the Portuguese international as a potential "instant remedy" for a midfield that has struggled to control games since the retirement of Toni Kroos.
While Madrid’s hierarchy, led by Florentino Pérez, has traditionally been reluctant to make big mid-season signings, the "Arbeloa era" has highlighted a desperate need for a specialized tempo-setter.
The Situation: A Contract Standoff in Riyadh
The move is made possible by Neves' current contractual situation in the Saudi Pro League.
Expiring Deal: Neves is in the final six months of his contract with Al-Hilal. While the Saudi club has offered a "lucrative" extension, the 28-year-old has reportedly stalled on signing as he eyes a return to elite European football.
The "Delighted" Player: Reports from Cadena SER suggest Neves is "delighted" by Madrid's interest and would be willing to push for an immediate move this month.
The Price Tag: Because he would be a free agent in June, Real Madrid believe they could secure Neves for a "bargain" fee of approximately €15m–€20m if they move now.
The Competition: Manchester United Lurking
Real Madrid aren't the only ones watching the situation. Manchester United—under interim boss Michael Carrick—are also heavily linked with Neves as a replacement for the departing Casemiro.
The United Edge: United are reportedly ready to match any fee Al-Hilal demands and can offer a guaranteed starting spot.
The Madrid Edge: The lure of the Bernabéu and the chance to play alongside Mbappé and Vini Jr. is said to be Neves' "top priority."
The Verdict: Florentino Pérez remains the final hurdle. While the coaching staff is "all in" on Neves, Pérez is famously wary of January "stop-gap" signings. However, with the Champions League knockouts approaching and a title race to win, the pressure to sign a "conductor" has never been higher.