Since his re-election as Real chairman, Perez already spent around £200 million on buying Kaka from AC Milan and Cristiano Ronaldo from Manchester United.

French international striker Karim Benzema and Spain defender Raul Albiol were also brought from Lyon and Valencia respectively, but Perez is still hungry for more.

"I think that with two more signings we will have renewed the squad," Perez said

Los Merengues are still desperate to sign Bayern Munich winger Franck Ribery, whose club are not prepared to let him join Real or any other club.

Liverpool midfielder Xavi Alonso also remains a top name on Real's transfer shortlist.