Jose Callejon
Jose Callejon has been informed that he can leave Real Madrid this summer. [Reuters]

Liverpool are the only Premier League side believed to be in contention to sign Real Madrid forward Jose Callejon who has failed to hold down a regular spot in the first team since re-joining from Espanyol in the summer of 2011.

Callejon came through the Real Madrid youth system but failed to make an impact and was eventually moved on to Espanyol. However, after three successful season in Barcelona he was brought back to the Bernebeu on a five year contract.

He would be used mainly as a substitute in his first season but did start 15 league games in the last campaign, as well as coming off the bench on another 15 occasions. Yet it seems his chances will be further limited after the arrival of Isco from Malaga.

Marca report that new manager Carlo Ancelotti will also promote forward pair Jese Rodriguez and Alvaro Morata to the first team squad, while Angel Di Maria and Cristiano Ronaldo also provide further competition for the 26 year old.

Real Madrid director general Jose Angel Sanchez reportedly has three offers already on the table and it seems Liverpool will be competing with Italian duo Napoli and Fiorentina for the forward's signature.

Callejon's agent Manuel García Quilón has been working hard to get the Spaniard the best deal and it seems as though a move away from Spain is inevitable.

Liverpool have already looked to Spain twice this season as they completed deals for Sevilla winger Luis Alberto and Celta Vigo striker Iago Aspas.

Reds boss Brendan Rodgers is expected to make further signings this summer and there could be the need for another forward as star striker Luis Suarez is linked with a move away from the club after stating that it would be hard to turn down a club like Real Madrid.

It is unlikely that Callejon would be used as a makeweight in a deal for Suarez as Liverpool are determined to keep hold of the Uruguayan international and would likely prefer a separate deal for the Real Madrid forward.

Madrid signed Callejon for €5.5m and it is unlikely that they would be looking to make a profit as they have plenty of alternative options and he is far from considered a first team player.