Los Blancos are reportedly open to discuss the Spanish playmaker's future, although the team needs to solve the pending transfer ban on them first.

After two and a half seasons playing with Real Madrid, playmaker Francisco Alarcón "Isco" could be on his way out of Los Blancos next summer. While FIFA decides about the team's pending transfer ban appeal, the former Málaga midfielder could be getting ready to pack his bags and join Arsenal, who are keen on signing the player since last summer.

Sources indicate that the 23-year old player could leave Los Blancos next summer, as president Florentino Pérez will listen to any bids for the midfielder if the amount offered surpasses the 25-million pound mark. Isco has not been able to secure a starting spot with Real Madrid in his 30 months with the team, and his up and coming form could make him leave the team in the next transfer window.

However, Real Madrid must wait for FIFA's ruling about their transfer ban appeal, which could strip them from any chance of adding new players. As of now, Los Blancos will not be able to sign new players for the next two transfer windows, and Isco's chances of impressing Zinedine Zidane would increase.

The Spaniard has played eighteen games in all competitions so far, scoring one goal and handing out seven assists.