The French international goalkeeper has been one of Spurs’ top performers since his 2012 arrival at the club, yet there are rumours that his spell with the Lilywhites may come to an end in the coming months.
Lloris is said to be desperate to play top level European football, and has been left disappointed by Tottenham’s inability to deliver since his signing.
Paris Saint-German and Monaco have been linked with moves to take him back to his homeland, and now Real and Atletico are also in the mix.
The Champions League’s top two teams from the season just gone are believed to both be after new stoppers, with neither club’s situation clear.
Real have axed long-term goalie Iker Casillas on a number of occasions in recent times, while Atletico are preparing to lose Thibaut Courtois – with a return to Chelsea after three years on loan looking likely.
Spurs are desperate to keep their glovesman, but bids of around £20m may be too tempting to turn down.