By London correspondent Tony Hughes

Real Madrid sensation Isco is set to be at the centre of a transfer tug-of-war between Arsenal and Tottenham, according to reports.

Spanish news outlet Diario Madridista claim the north London rivals are both chasing the competition but face competition from Europe’s big guns.

It is said that Isco’s situation at Real has persuaded Spurs and Arsenal to reignite their interest in him and lock horns over his situation.

This comes after it was reported that Tottenham were close to the deadline-day transfer of the 24-year-old.

The Daily Mail claim that manager Mauricio Pochettino held talks with the Spanish playmaker but he chose to remain at Real Madrid.

It is said that Pochettino contacted Isco to personally convince him to make a move to White Hart Lane but the midfielder was doubtful about a switch to the Premier League.

The Spain international, who has never played outside of his homeland, is aware his game time will be limited at Real this season after he slipped down the pecking order.

The Mail report that, with Zinedine Zidane at the helm, Isco has accumulated less than 50 per cent of possible playing time.

Yet, he was involved in 62 per cent of Real Benitez’s minutes in charge, and 65 per cent under Italian predecessor, Carlo Ancelotti.

Isco announced himself on the European stage during his Malaga spell and eventually caught the eye of giants Madrid.

In just 84 appearances he scored 17 goals and supplied 12 assists from midfield.

Since his £25million signing from Malaga in 2013 he has made 151 appearances for Real and scored 22 goals and supplied 35 assists across all competitions.

In other Tottenham transfer news, a regular starter fears he will be frozen out by Pochettino at White Hart Lane.