Sergio Canales' future will be decided at the end of the season, with Liverpool keeping close tabs on him.
The 20-year-old was snapped up by Real Madrid last summer when they beat a host of clubs to take him from Racing Santander.
However, the midfield starlet has found football hard to come by under Jose Mourinho and has started just one game.
The player's father and agent, Angel Canales, says talks will take place at the end of the season.
"He wants to play here [Madrid] but in June we will speak with the club and find the best solution," said Canales snr.
Real are reportedly yet to decide on what to do with Canales, who they could have let leave on loan in January having fielded enquiries from West Ham and Blackburn.
Should Real be willing to let him leave in the summer, be it permanently or on loan, then Liverpool look likely to be in contention, although there will be no shortage of interest.
Canales himself has stated that he is happy at Real and was pleased he was not sent out on loan earlier in the season.
"I'm happy, I'm in Madrid and fighting to get some minutes," he told Marca last week.
"Playing in teams like this is difficult, the key is to work hard. I have not proven myself yet."