Lucas Silva will not leave on the cheap, Cruzeiro president warns

Real Madrid will have to stump up at least €15million to sign Lucas Silva, according to Cruzeiro president Gilvan de Pinho Tavares.

The 21-year-old is thought to have several suitors throughout Europe after a series of impressive performances in helping Cruzeiro to back-to-back Brazilian Serie A titles.

Premier League clubs Manchester United and Arsenal have both been linked with a swoop, but European champions Real Madrid are thought to be leading the race for the midfielder. 

Tavares insists the youngster, who has represented Brazil at under-20 and under-23 level, will not be sold on the cheap, though, and said his price tag had been made clear to all potential buyers.

"[There has been] no final proposal," he is quoted as saying by Spanish newspaper AS.

"We already put [his] price on the market. For less than €15million, Cruzeiro will not begin to talk."

Real have been in stunning form this season, with Carlo Ancelotti having guided them to a club record 17 wins in a row in all competitions.

They sit top of La Liga with 33 points from 13 matches, during which they have scored 48 goals.