Karim Benzema has struggled for form at Real Madrid this season
Having struggled for form this term, the Frenchman has been linked with a transfer from the Bernabeu this term.
Arsenal are long-term admirers of Benzema and failed to sign him last year.
Liverpool meanwhile, are keen to make a marquee signing, and Benzema would fit the bill, especially if Daniel Sturridge were to leave Anfield.
Florentino Perez doesn't want Karim Benzema to join Bayern Munich Real Madrid transfer odds: Which Premier League aces could move? Thu, March 30, 2017
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The latest transfer odds for Real Madrid's summer deals, courtesy of 888sport
Along with Arsenal and Liverpool, Milan, Bayern Munich and Paris Saint-Germain are weighing up moves.
But Spanish paper Diario Gol claim a move to Bayern wouldn’t be popular.
It is said Real president Florentino Perez would feel ‘betrayed’ if Benzema headed to the Allianz Arena, whom the Spanish giants .
Benzema is contracted with Real until 2019.
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