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Real Madrid target refuses to sign an extension with his club

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Manuel Queimadelos Alonso/Getty Images

Important news over the José Luis Gayà transfer saga. With Marca focusing on Real Madrid's interest in David Alaba, As report today that Gayà has rejected Valencia's first offer to extend his contract. What does this mean for Real Madrid?

Gayà has a €18 million buyout clause on his current contract, so if the left back does not sign a new contract, Los Blancos could get him for that affordable price in what would be considered a hostile move -- something Florentino Pérez does not like --.

According to this same report, Gayà does not want to raise his buyout clause to more than €30 million, that being the main point in which both parts disagree. His agents, Toldrà Consulting, are buying some time for Real Madrid to make a move, per As, and it's true that Toldrà's relationship with Valencia is not good at all after what happened with Roberto Soldado over the striker's transfer to Tottenham.

While Alaba is certainly a better player than Gayà right now, it would be easier and cheaper to sign Gayà away from Valencia. With Coentrao likely headed to Manchester United this summer, Real Madrid will need to find a backup left back soon enough.