On Tuesday, Real Madrid activated their buy-back clause and signed Alvaro Morata from Juventus but it looks as if Arsenal (and Chelsea) could still get a look in.

As we previously reported, Real’s plan all along was to buy the Spaniard for around £25m, only to sell him on for double the price, making money in what is actually a clever piece of business. Morata has scored three goals in three Euro matches so far during the Group stages and, if Real play their cards right, they could make a massive amount of cash.

Who would they make this cash from, is the question.

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Spain’s forward Alvaro Morata reacts during the Euro 2016 group D football match between Croatia and Spain at the Matmut Atlantique stadium in Bordeaux on June 21, 2016. (LOIC VENANCE/AFP/Getty Images)

Chelsea and Arsenal have been interested in Morata for a while and, from Arsenal’s side at least, I believe it’s genuine. However, Marca are saying that the La Liga team are aiming to sell him for £57.8m – an astronomical amount for a relatively unproven 23-year-old. If he continues to do well in the Euros, this asking price is only going to rise.

I don’t see Arsenal paying even close to £50m but Chelsea might. AS claim that the player wants to try his luck at Real Madrid and he did recently admit he’d like the play there but recognised he might not get much playing time. Will this sway his decision? The door is, apparently, still open.