Schalke president Clemens Tönnies has conceded that, if a club of Real Madrid's stature was to make a bid, they would consider letting Julian Draxler leave Veltins-Arena.
The 19-year-old was in scintillating form for Die Königsblauen last season and is the youngest Schalke player to make 100 appearances.
The midfielder's tender age hasn't restrained him from breaking into the esteemed German national set-up, after going on to earn six caps after making his debut against Switzerland in March 2012.
Animated performances of this kind have sparked an intense fixated interest from Europe's elite, with Manchester United, Chelsea and Real Madrid said to be keen admirers.
Interest earlier in the year that linked the Germany international with a move to Borussia Dortmund was swiftly rejected, with the player himself going on record to say: "I can promise to all that I will not play for Borussia Dortmund.
"Schalke is a matter of the heart for me."
However, Tönnies is aware of the fact that his club won't be able to hold onto the highly-rated youngster if he seeks a move abroad and he will not stand in the way of Draxler leaving.
The chairman told the Express: "Of course we want to keep hold of him, Julian is an important figure for Schalke.
"But if we want to be fair with him, then maybe we have got to consider letting him move abroad sooner or later.
"If somebody like Real Madrid were to enquire about him, what should I say? Don't talk to them? Get serious."
Draxler's current deal with Schalke runs until 2018.
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