Manchester City are open to selling midfielder Rodri but would demand more than £60m as Barcelona accelerate their interest in signing the Spain captain, sources have told BBC Sport.
The 30-year-old enters the final year of his contract at Etihad Stadium and is yet to sign a new deal, with speculation rife about his future this summer.
It looked like Real Madrid would be his next destination but La Liga rivals Barcelona now seem to be leading the race after sources told BBC Sport on Thursday that the club had the player's approval to open negotiations with City.
Barca sources had initially told BBC Sport there were no guarantees any deal would be made but the situation now looks to be developing.
The club said on Friday they are in ongoing conversations with the player's representatives.
Rodri missed much of the 2024-25 campaign after sustaining a serious knee injury, and parts of last season were disrupted by a hamstring issue.
However, the 2024 Ballon d'Or winner was back to his best at the World Cup in the summer, leading Spain to their second title and being named player of the tournament.
He is currently out of action after undergoing back surgery last month and is scheduled to link back up with his City team-mates in Manchester early next week.
Approaching the second week of August in the transfer window, City will be aiming to resolve Rodri's future swiftly in order to sign a replacement.
Talks are ongoing to sign 18-year-old Morocco midfielder Ayyoub Bouaddi from Lille, but the French club's £86m asking price appears to be a sticking point.
Barcelona? Real Madrid? Man City's Rodri has a decision to make
Talks began just days after the tournament, with Rodri's camp praising the courtesy, class and respect shown by the club throughout the negotiations.
According to the report, everyone at Real Madrid, from president Florentino Perez to chief executive Jose Angel Sanchez, worked to make the deal happen and made it clear they were serious about signing the midfielder.
They had put everything on the table to get the deal over the line but despite positive discussions over the past two weeks, Rodri has made the personal decision to accept another offer, says the radio network.
Cadena Ser add that Real Madrid were informed of Rodri's decision on Friday and chose to end the process in order to avoid prolonging uncertainty, while thanking the player for the respectful way the negotiations were conducted.
