According to Spanish radio station COPE, Espanyol will inquire about Jesé Rodríguez during this winter transfer market. Real Madrid's wonder kid has not yet recovered his best form, and it doesn't seem likely that he will get a lot of minutes right now, so Ancelotti and the club's board might consider Espanyol's offer.
It's also true that Jesé could be a very useful player when he gets fit, as he showed last season. The problem for Carlo Ancelotti is that he needs minutes to get in shape, and he also needs to get in shape to get minutes in this Real Madrid squad.
Real Madrid have a very serious dilemma in hand, though Jesé will probably stay in the Spanish capital. His contribution could be too big to send him on loan.