Zinedine Zidane is reportedly yet to decide whether he will spend another season as manager of Real Madrid.
Los Blancos have improved since the start of February, putting together a 10-match unbeaten record to remain in the La Liga title race and qualify for the Champions League quarter-finals.
However, according to AS, club officials are already putting together a shortlist of potential replacements.
The report claims that Real would consider appointing club legend Raul, currently in charge of the club's reserve side, or outgoing Germany boss Joachim Low.
Despite the ongoing speculation regarding Zidane's future, Real are said to be happy for the 48-year-old to continue his stay at the Bernabeu.
France and Juventus are said to be monitoring the situation as they contemplate their own managerial changes in the future.
