Real Madrid have admitted they are keen to sign Arsenal's England left-back Ashley Cole in the summer.
The Spanish giants have long been linked with a move for the 25-year-old as a replacement for Roberto Carlos.
And a Real spokesman is quoted as saying: "Ashley Cole will be one of the players for whom Real Madrid is going to bid at the end of the season."
Cole says he is focusing on regaining full fitness and wants to stay to play in Arsenal's new stadium next season.
He said: "I've three years left on my contract at Arsenal and I'm looking forward to playing in the new stadium.
"The speculation has been in every paper since the start of the season, but there's nothing I can do, people are going to write stories.
"My main aspiration at the moment is to try and get back fit, that and trying to win things with Arsenal."
And Brazilian defender Carlos said he was unconcerned by the speculation linking Arsenal's Cole with the Spanish giants.
"This type of speculation does not affect me, because Real always have to look for the best players," said Carlos.
"I have a contract for two more seasons, with the last year being an option which is down to me."
The Brazilian is one of Real's longest-serving players, having joined from Inter Milan in 1996.