With only two days left in the transfer window, Aouar’s future at Lyon has not been thrashed out despite interest from several clubs.
He is Arsenal’s top target, but the Gunners have not made an offer close to the €60m Lyon want before they will agree to sell him.
There is growing pessimism at Arsenal about their chances of landing the Frenchman and they are now set to deal with the spectre of Real Madrid in the race for Aouar.
According to French sports daily L’Equipe, Zidane recently spoke with the midfielder about the possibility of taking him to the Bernabeu during the ongoing transfer window.
Real Madrid’s focus this summer has been to sell players and lighten their wage bill as the club deal with the financial implications of the changed landscape.
They have already ruled out signing anyone for big money, but Real Madrid are seriously considering making a move for Aouar.
Zidane likes the Frenchman and believes it would be a missed opportunity if Real Madrid do not sign him before Monday’s deadline.
The club are considering their options and could offer to sign him on loan with a guaranteed option to buy.
Such a deal would also appeal to Lyon as they would be able to enter the transfer fee in their books before the current financial year closes.