Juventus remain keen on Manchester United outcast and would like to hold talks with the Mexican striker over a switch to Serie A next summer, if he's willing to compromise over wage demands which amount to a sizeable €67,307-a-week (or €3.5 million) salary.
Hernandez is currently on a season-long loan with Real Madrid, although he's only played 54 mins in La Liga so far this term and as a result Tuttosport believe Juve could still swoop to sign the clinical forward when the current campaign concludes.
Madrid have tentative agreement in place
Juve are essentially waiting to see if Hernandez can make a success of his season with Madrid, because if he can Los Blancos have an option to make that move permanent for a fee of €22m.
Hernandez did score twice in just 12 minutes off the bench against Deportivo last month, but if Karim Benzema stays put and continues to deliver the Mexican marksman faces significant time on the subs bench, much like last season with United.
The 26-year-old is fulfilling a life-long ambition to follow in the footsteps of Hugo Sanchez at the Bernabeu, although if he'd sooner target regular first-team football with a Champions League giant the Bianconeri are still seriously interested.
Chicharito & Lavezzi on shortlist
The Old Lady are set for a major cash injection next summer and Hernandez is on an early shortlist of potential transfer targets, one that includes Paris Saint-Germain forward Ezequiel Lavezzi.
Wage demands are a problem for both deals though, with Juve unwilling to break a wage structure that has allowed them to dominate in Serie A with relative ease over the last few years.
Juve believe the Argentina star is a more likely arrival than Hernandez, but will continue to monitor his progress in Spain very closely in the hope they are able to open fresh negotiations with his representatives in the early half of 2015.