The Spanish giants are reported to be preparing a £20million bid for the Belgian youngster, who has now fallen further down the Stamford Bridge pecking order following the coming of Diego Costa and return of Didier Drogba.
Real’s former Chelsea boss Carlo Ancelotti wants to replace Morata
who went to Juventus for £16m
Ancelotti has only Karim Benzema as his top striker and is eyeing Lukaku and Monaco striker Radamel Falcao as key reinforcements.
But Real Madrid will have to compete with Everton, who are ready to pay £20m for the striker they had on loan last season.
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