The 26-year-old joined Los Blancos as a youngster back in 1997, before rising through the youth ranks to take his place in the first team in 2010.
The shot-stopper has failed to make the No.1 jersey his own however, playing second, and even third fiddle, to Iker Casillas and Diego Lopez.
As such, the Santiago Bernabeu side have allowed Adan to be released from his contract and is now free to speak to other clubs.
Elche are said to be just one of several team interested in his services.
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