The 29-year-old ended the 2019-20 campaign with 23 appearances in all competitions despite missing stages of the season with toe and calf injuries.
According to Marca, Los Blancos boss Zinedine Zidane is ready to sell the Spaniard during this summer's transfer window, while the futures of Luka Jovic, Mariano Diaz, Gareth Bale and Brahim Diaz are also believed to be uncertain.
Last month, it was reported that Tottenham were lining up a €16m (£14.5m) offer for Vazquez, whose current deal at the Bernabeu is due to expire next summer.
The versatile attacker has made over 200 appearances for Madrid in all competitions. body check tags ::