Real Madrid are willing to lower Rodrygo to £78 million in the hope of making Arsenal and Liverpool reconsider their stance.
The 24-year-old striker has been linked with a move away from the Bernabeu this summer, having lost his starting spot at the end of last season and not being used regularly at the 2025 FIFA Club World Cup.
The Brazilian player is waiting for the final decision from new coach Xabi Alonso, while Real Madrid's board is still actively negotiating with potential buyers. With Los Blancos ready to let Rodrygo go, Arsenal and Liverpool are now the two names showing the greatest interest in this deal.
Both the Premier League "big guys" are actively looking for a new striker, and Rodrygo's ability to play flexibly on both wings makes him a potential choice. However, the situation of this deal is gradually changing.

According to Spanish media, Liverpool have reduced interest in Rodrygo after recruiting Hugo Ekitike for £79 million and are switching to pursuing striker Alexander Isak. Meanwhile, Arsenal's interest has been described as "frozen", as the Emirates team prioritizes focusing on the deal Eberechi Eze.
Bayern Munich have once raised the issue of recruiting Rodrygo, but they are now focusing all their efforts to complete a £65.5 million deal for Luis Diaz - whom Hugo Ekitike is seen as a replacement at Liverpool.
The lack of interest in the final month of the summer transfer window forced Real Madrid to admit that the £78 million price could be too high compared to the market. And now, a new team has suddenly entered the race.
Tottenham have unexpectedly fueled Rodrygo's signing race, preparing to spend big on the 24-year-old thanks to financial resources from a Qatari investor. If he joins Spurs, Rodrygo will still have the opportunity to play in the Champions League - an important factor for any classy star.
However, the price is trade-offs for joining a team that has just finished the Premier League season in 17th place, just one more than the relegation zone.

However, Rodrygo could push himself to the edge if he continues to stay at Madrid. The Brazilian international lost his right-hand man position to young talent Franco Mastantuono - a 17-year-old player - but quickly made a strong impression on Alonso.
In the final stages of last season, under Carlo Ancelotti, Arda Guler began to be given a chance to replace Rodrygo, showing that his role at the Bernabeu was fading.
In addition, it is reported that both Guler and Rodrygo are not satisfied with Real Madrid's unofficial decision to give the No. 10 shirt - originally owned by Luka Modric - to Kylian Mbappe.
Rodrygo has only played 27 minutes in Real Madrid's 5-match streak at the FIFA Club World Cup 2025 - the first phase of Alonso's tenure in charge of the team. Notably, he was completely left off the field when Real Madrid suffered a 0-4 defeat to PSG in the quarter-finals.
"Having him out is a decision that is decided on a case-by-case basis. With the current situation, we need another type of player. No decisions have been made regarding the players' futures throughout the tournament. We didn't do many rotations," Alonso explained.