Tottenham and Manchester City could both lose out in the race to sign Johan Elmander after Toulouse revealed Real Madrid want him.

The Swedish striker is one of the most highly-rated players in Ligue 1 and could cost around £13 million.

However, the Premier League duo's hopes of snaring the 26-year-old are severely jeopardised by Real's interest, with the Liga side able to pay more in terms of a transfer fee and wages, as well as being a more attractive proposition in their own right.

"Besides Real Madrid, Premier League clubs Manchester City and Tottenham have already expressed interest," a Toulouse spokesperson told Swedish newspaper Expressen.

However, Liverpool are also known to be interested in Elmander although the club's American owners are believed to be unwilling to stump up the funds required to land him.

Eurosport