Morata initially left Madrid two years ago to join Juventus.
There he racked up two league titles and Champions League final appearance and impressed so much that the Spanish club activated their £23million buy-back clause this summer.
And despite having already secured £33m Marseille hitman Michy Batshuayi, he is thought to be interested in another striker.
But both managers will reportedly have to consider other targets after Morata's agent Juanma Lopez was told the player will be staying at the Bernabeu.
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