Ramires could switch to Real Madrid if Chelsea are successful in their pursuit of Barcelona midfielder Cesc Fabregas.
This is according to the Metro, who further report that reigning European champions Real and manager Carlo Ancelotti have identified the 27-year-old as a target and believe he could be bought for approximately £25 million.
Chelsea are believed to have been in pursuit of Fabregas for a little while now, with some reports even suggesting that the Spanish international was on the verge of completing a move to Stamford Bridge on a four-year contract in a deal worth £30 million.
Such a high-profile move could come as somewhat of a surprise to ardent Chelsea supporters, particularly given Fabregas' apparent allegiance to former club Arsenal and the fact that his own relationship with Jose Mourinho and one or two of the Blues' players has not always been particularly positive in the past.
Combative Brazilian midfielder Ramires - who is set to play a part in his nation's home World Cup as a member of Luiz Felipe Scolari's final 23-man squad for the upcoming tournament - joined Chelsea from Primeira Liga champions Benfica back in 2010 and has become a mainstay of the side during his subsequent four-year stint in the Premier League.
A tough, uncompromising and industrious presence in the middle of the pitch, Ramires is never one to shirk a tackle - sometimes to his cost - or shy away from the more physical aspects of the game.
Even if Chelsea do manage to spring a surprise and entice Fabregas to the club, it could be questionable whether allowing Ramires to depart would be a particularly wise move on Mourinho's part.
Although he would be gaining one of European football's elite midfielders with plenty of crucial top-flight experience, the combined losses of Frank Lampard - who announced earlier this week that he is leaving Chelsea after 13 years - and David Luiz - the maverick centre-back who can also be comfortably deployed in a holding midfield role who is set to join Paris Saint-Germain this summer - would still presumably leave the Portuguese a tad short of bodies.