Real Madrid are not interested in signing Cesc Fabregas from Arsenal, according to the club's sporting director Miguel Pardeza.
The Spanish giants insist they will not bid for the Arsenal playmaker even if they fail in their quest to land Liverpool's Xabi Alonso.
Real have consistently been linked with a move for Fabregas but it seems former club Barcelona are favourites to snare him if he does leave the Emirates.
"He is a great player, there's no doubt about that. But at this moment he is not an target for Real Madrid. The club are working on other alternatives,'' he said.
Pardeza also confirmed negotiations with Liverpool over Alonso had reached an impasse, but that they still hadn't given up hope of resolving the situation.
"Madrid must not discard an option until it's totally gone. Now there is an insurmountable financial barrier, but it's something that could change. We're looking for alternatives, although there aren't many.''
Madrid have already spent close to £200million on four new signings - Cristiano Ronaldo, Kaka, Karim Benzema and Raul Albiol - this summer but are still looking to add a couple more players as they seek a return to winning ways after ending last season empty-handed.