Tevez has yet to be offered a permanent deal at Old Trafford.
Tevez admitted in a Spanish magazine: “Who wouldn’t want to play for Real Madrid?
“Like Manchester, they are one of the best clubs in the world — and it would be a pleasure to play for them.”
He added: “If they don’t sort out my future, there are other clubs ready to negotiate with my representative.
“I’m told United will offer me a deal but I don’t know.
“I love it at United and the fans are special to me but I also understand football.
“If another club offered me the security of a five-year deal then I’d have to consider it.”