Reports are out that La Liga powerhouse Real Madrid is shopping Spanish midfielder Francisco Román Alarcón Suárez, or Isco, to English Premier League giants Manchester United, Manchester City, and Arsenal ahead of the summer to raise funds for their planned signings at the end of a disappointing season for Los Blancos.

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The capital city squad is said to be "set to put Premier League clubs on red alert after deciding to sell Spanish star Isco this summer", according to ESPN.

The three aforementioned English clubs are all said to be interested in buying the 23-year-old phenom and Real chairman Florentino Pérez has reportedly agreed on letting him go for at least £25 million, as per the Mirror.

City had been trying to lure the 5-foot-9 Benalmádena, Spain native since last summer and then once more this January, but both offers were turned down by the Bernabéu residents. The team is expected to make another bid this coming transfer window, but they will face stiff competition from two other cash-rich Premier League clubs, United and Arsenal.

It was also mentioned in the report that last season's winners Chelsea FC may also bid for Isco in the summer as incoming head coach Antonio Conte is said to be fond of the Spanish playmaker.

Isco is not having one of his best performances so far in Spain this season, scoring only two goals in 22 games in the domestic top flight competitions. He is having a hard time breaking through the starting lineup as he is playing behind more experienced stars Gareth Bale, James Rodriguez, Toni Kroos, and Luka Modric, but had found his way in the first eleven when Bale and Rodriguez were sidelined by injuries.

The former Valencia footballer was signed by Real in the summer of 2013 from Malaga for a transfer fee of €30 million. He's been with Los Vikingos for three seasons now, appearing in a total of 136 games in all competitions and scoring 21 times during the said time period.

Tags Football Transfer Rumors, Isco, real madrid, Manchester United, Manchester City, Arsenal FC