Tottenham remain among the European clubs monitoring Rayan, as new reports from Brazil point to growing interest from Real Madrid.
Spurs officials have followed the 19-year-old closely this season. Meanwhile, Brazilian media suggest the Spanish giants could move in the next transfer window.
According to O Dia, Real Madrid are tracking Rayan and may prepare a bid of around €50m. The club are searching for alternatives after Endrick’s loan move to Lyon. There is also uncertainty over the teenager’s short-term role in Madrid. Internally, Real Madrid believe Rayan can adapt quickly to European football.
That valuation sits above the €40m figure mentioned in Brazil when Tottenham’s interest first surfaced. As reported by NT Vascaínos, Spurs assistant coach Matt Wells and scout Alex Fraser reviewed footage of Rayan’s recent match against Fluminense. Both came away impressed. Even so, Tottenham have yet to make a formal approach. Vasco remain in control.
The Brazilian club recently renewed Rayan’s contract until 2028. The deal includes an €80m release clause. Vasco expect European approaches but see the middle of next year as a more realistic moment for talks, rather than January.
Rayan’s status continues to grow. He has scored 20 goals and added one assist this season. His senior record stands at 23 goals and two assists in 96 appearances.
Arsenal, Chelsea, Barcelona and Inter Milan have also been named as interested clubs, increasing competition as Tottenham continue to monitor developments.