The Juventus striker has turned heads with his impressive displays in Serie A this term.
Barcelona have been monitoring the 23-year-old, however it is thought he has reservations about linking up with Lionel Messi and Neymar.
Real president Florentino Perez is working hard behind the scenes to try and sign Dybala this summer.
And it seems he has a cunning plan to clinch a deal.
Biggest summer transfer odds rated
Wed, March 15, 2017
Click to reveal transfer odds for the biggest potential transfer deals this summer. Odds provided by BetStars
Arsenal FC via Getty Images
1 of 5
Alexis Sanchez (Arsenal to PSG) – 13/8
Paulo Dybala is being monitored by Real Madrid
Florentino Perez is keen to secure a deal for Paulo Dybala
Get Quotes on Home Insurance
Spanish outlet Diario Gol claim Real are ready to sell three players – Isco, James Rodriguez and Alvaro Morata.
Perez, it is believed will offer £51million plus the three aforementioned stars in order to bring Dybala to the Bernabeu.
The report also suggests Perez could flog Karim Benzema to Juve to sweeten the deal.
Dybala is currently contracted with Juve until 2020.