Isco could be the next to leave Real Madrid this transfer window. With Raphael Varane already gone, the attacking midfield now could follow his steps as he is also entering the final year of his contract with Los Blancos. The Serie A or the Premier League could be his next destination.

Francisco Alarcón's best days at the Santiago Bernabeu seem to be way behind him, as he hasn't been a regular starter since Julen Lopetegui's short tenure. Isco did play a pivotal role in Carlo Ancelotti's first stint, but now he finds himself in a tough spot with the likes of Luka Modric, Toni Kroos, Casemiro, Federico Valverde, and even Lucas Vazquez ahead of him.

Under these circumstances, a transfer might be the best move for all parties involved, as Real Madrid are unwilling to continue affording an expensive salary for a substitute and Isco would get the playing minutes he is looking for. According to Spanish outlet ABC, the 29-year-old could be on the way out of Madrid with Italian and English giants as possible destinations.

AC Milan

After losing Hakan Calhanoglu to crosstown rivals Internazionale, the Rossoneri were left without a key playmaker in the midfield. ABC cited AC Milan as possible suitors for Isco, given their need for an attacking midfield.

The Spanish player could find at San Siro a relevant role that guarantees him more playing time and also a competitive club that will play Champions League this season. Milan were also linked to Real Madrid's Dani Ceballos before, but Isco would be a more interesting option. Still, the Italians would have to meet the reported $21 million price tag.

Arsenal

The Spanish newspaper also mentioned Arsenal as one of the Premier League teams who set their sights on Isco. The Gunners have recently spent around $90 million on three signings, so the financial aspect could be a hurdle in their attempts to acquire the Real Madrid player.

They would welcome, however, an offensive weapon like Isco to have some creativity in the midfield after losing Martin Odegaard and Dani Ceballos, who both returned to Los Blancos following a loan spell in London. The way Arsenal could make this deal work is by raising funds, something they might do by selling Hector Bellerin.

Isco has spent eight seasons at Santiago Bernabeu, having 49 goals and 54 assists in 336 appearances. Last season wasn't great for him, though, as he only played 29 matches, coming in from the bench in most of them.