Real Madrid had already reached a verbal agreement with Bayern Munich's Alphonso Davies at the end of February. They have now raised their offer in the hope of meeting Bayern's demands.
Bayern Munich are reportedly asking for around €50 to €60 million for full-back Alphonso Davies if he were to leave with his contract expiring in 2025.
Real Madrid are the team looking to sign the Canadian as one of their top transfer targets.
Reports suggests that "Los Blancos" will look to raise their budget for the twenty-three-year-old in a new offer totalling around €50 million.
At the moment, Bild suggests that Alphonso Davies is demanding around €20 million per year if he were to extend his contract and stay with the Bavarian side which Bayern Munich deem as too much.
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