In a recent report from SPORT, Real Madrid are eyeing Bayern Munich's Alphonso Davies as a prime target for the upcoming summer transfer window. Chelsea are now poised to continue their summer spending spree, with the Canadian full-back at the pinnacle of their wishlist.

Davies, not inclined to renew his contract with Bayern, has just one year left, prompting the Bundesliga champions to seek a transfer fee this summer. Real Madrid are currently prioritizing Davies over the likes of Kylian Mbappé, recognize the need to bolster their left-back position. Despite Bayern's €70m valuation, Madrid may get a discounted deal, given the contract situation. 

Chelsea, whose financial prowess poses a challenge to Madrid's plans, potentially complicating negotiations. Davies has drawn interest from other elite clubs, notably Manchester City, currently monitoring the unfolding scenario. With four months left for negotiations, both Madrid and Chelsea have time to vie for Davies.

The 23-year-old is reportedly looking for a €15m salary if he signs with a club, a sum well within the means of both interested parties. Stay tuned for the summer transfer saga as it unfolds.