Neymar only completed his €222m record transfer to PSG last summer. But the Brazilian's future in France is already the subject of much speculation and Real are known to hold major interest in the player after trying to sign him on more than one occasion in the past.
Neymar has no release clause in his PSG contract, unlike 12 months ago when PSG were able to buy him against Barça's will by triggering the clause in his deal with the Catalans.
That means the only way that Real will be able to prise the Brazilian away is by convincing PSG to sell, something that would only happen if Neymar tries to force his way out. It is the hope of the French champions that a bumper new contract would prevent that from happening.
In the likely event that Real fail in their efforts to sign Neymar, the reigning European champions are expected to turn their attentions to PSG teammate Kylian Mbappe instead.