Real Madrid are reportedly yet to receive any concrete offers for out-of-favour midfielder Isco.
The Spain international still has 18 months to run on his Bernabeu deal, but having struggled for game time under Zinedine Zidane, Isco is expected to head for the exit door next year.
Arsenal have been strongly linked with a swoop for the Real Madrid playmaker, who could supposedly be leaving the Spanish capital as early as January.
However, Marca reports that the La Liga champions have not received any bids for the 28-year-old yet, with Real Madrid putting their transfer business on hold until after their AGM on Sunday.
Zidane recently admitted that Isco is not being given the opportunities to stake his claim for a regular starting role, but the under-fire Blancos manager has insisted that the midfielder will be an important player for the capital outfit going forward.
Isco has only started three La Liga games this term, and the Arsenal-linked playmaker is yet to bank a goal or assist in the current league campaign.
