In the last few hours, the news of an alleged agreement in principle between Real Madrid, Borussia Dortmund and the player for him to play at the Bernabéu has emerged.
But top level Real sources deny the claim, although they do not hide their real interest in the player.
Inside Madrid they believe Dortmund will sell Bellingham to the highest bidder, as they did with Erling Haaland, and in this context they do not see it as entirely feasible to close the operation. In no case will they enter into an auction.
Meanwhile, AS says Bellingham agreed personal terms with Real Madrid last month. He has also resisted attempts from Liverpool and Manchester City to discuss a return to England.
Borussia still want close to €150m to sell, while Madrid do not want to go beyond €120m.