Real Madrid are assessing the possibility of signing Chelsea and England right-back Reece James but expect any deal for the 24-year-old to be complicated because he has four years to run on his contract.

Manchester City are interested in Chelsea and England defender Reece James, 23, as a long-term replacement for 33-year-old compatriot Kyle Walker.

Bayern Munich will compete with Real Madrid to sign Chelsea captain and England full-back Reece James next year.

Real Madrid are ready to make a new bid to sign England defender Reece James, 23, if Chelsea are forced to sell players this summer.

Manchester City and Real Madrid are on red alert with Chelsea yet to approach Reece James over a new contract despite becoming a key member of their first-team squad.