Real Madrid is continuing its squad reshuffle ahead of next season, and part of that involves making a clear call on the left-back position. According to several reports, AC Milan offered Theo Hernández to the Spanish giants—but the offer was quickly turned down. Despite the Frenchman's solid form in Italy, those at Valdebebas aren’t considering a return for him.

Betting on youth and long-term upside

The club’s decision-makers are looking for something else: a younger profile with room to grow. That’s why the main target is Álvaro Carreras, currently playing for Benfica. His performances and potential have impressed the sporting department. Real Madrid sees him as a long-term investment, unlike Theo, whose contract situation and high salary don’t fit the club’s strategy.

At 27, Theo Hernández is facing some uncertainty at Milan, after an up-and-down season and stalled contract renewal talks. Even though he has worn the Madrid shirt before, the club is prioritizing more sustainable signings—financially smart deals with players who still have room to develop. They’re focusing on young talents or free agents, aiming to reduce the risk in case things don’t pan out.

Release clauses and behind-the-scenes talks

In Carreras’ case, Benfica points to a €50 million release clause, but Real Madrid is trying to negotiate a lower fee. Meanwhile, Manchester United, who sold the player last year, still holds a €18 million buy-back clause and could use it to re-sell him to Madrid at a friendlier price—potentially smoothing the deal.

With Dean Huijsen already signed and Trent Alexander-Arnold expected to be announced soon, Real Madrid is now focused on landing Álvaro Carreras. The official announcement could be just days away, signaling the next step in rebuilding the backline—and officially closing the door on any return for Theo Hernández.