They’re keen to sign both Mbappe and Haaland, from Paris Saint-Germain and Borussia Dortmund respectively, and getting Vazquez off the wage bill could help their cause.
Meanwhile, speaking earlier in the season, Zinedine Zidane insisted Vazquez was deserving of a new deal.
“He always gives everything for us. I have always valued him and what he gives to us on the pitch,” Zidane told Movistar+.
“Now he is having the opportunity to show us what he is all about. He was a youth player for us and has Madrid in his heart. I’m happy for him and the team.
“He is an important player and the club knows it. I think it will happen that he will renew.”