Arsenal and Manchester United alerted as transfer target Marco Asensio decides to leave Real Madrid

Marco Asensio is reportedly set to leave Real Madrid this summer after a breakdown in negotiations over a new contract.

The Spanish winger has enjoyed a hugely successful spell at the La Liga giants but is approaching the end of his chapter at the club.

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With a summer move now on the cards, interest from Premier League sides could be set to reignite ahead of the transfer window.

As reported by Spanish outlet Relevo, the 27-year-old is set to leave Madrid at the end of his contract.

Since December, talks had taken place over potentially extending his stay at the Santiago Bernabeu.

However, he has rejected Madrid’s renewal offer and will leave for a new club in the coming weeks.

Previous reports in November said that he was eyeing a new contract at the Champions League holders.

Arsenal and Manchester United are thought to have shown interest in the winger alongside Liverpool, with Asensio now set to be a free agent.

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He signed for Madrid in 2014 from Mallorca and was sent back there on loan, before heading to Espanyol for the 2015/16 campaign.

Upon his return, Asensio started and scored on his Madrid debut in their 3-2 Super Cup victory over Sevilla, the first of 16 trophies he would win at the club.

Three of those have come as La Liga titles, with the Spanish international also collecting a hat-trick of Champions Leagues.

In 285 appearances for Madrid, Asensio has scored 61 goals and assisted another 32 across all competitions.

He has been a reliable asset at one of the world’s biggest clubs for the past seven years, but is now set to prove himself elsewhere.