A potential swap deal could have a major impact on Real Madrid's January transfer plans. According to TEAMtalk, Arsenal are prepared to offer Martín Zubimendi to the Spanish club in a deal involving Endrick. The proposal has reportedly been presented through intermediaries who are aware of Real Madrid's long-standing interest in the Spanish midfielder.

However, the Gunners have one condition: they want any agreement involving Endrick to include an option for a permanent transfer rather than a simple loan, similar to the Brazilian's previous spell at Lyon.

The proposed deal could address the needs of both clubs. Zubimendi has lost his starting place in London and is yet to start a Premier League match this season, making regular playing time a priority. Endrick, meanwhile, has struggled for opportunities under José Mourinho and has already made it clear that he will do "whatever it takes" to advance his career.

For Real Madrid, Zubimendi could provide an option at the base of midfield as the club plans its squad rebuild, particularly following Tchouaméni's injury and amid uncertainty surrounding Camavinga's future. The main question, however, is whether Madrid would be willing to permanently part ways with a 20-year-old striker for whom they paid a significant fee and who remains under contract until 2030.

Chelsea are also interested in signing the Spanish midfielder, while Zubimendi himself recently denied being close to joining any club. The proposed deal is still far from completion, but the possibility has already been raised.

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