Pedro Chirivella
Liverpool youth player Pedro Chirivella is said to be Real Madrid's next targetBen Hoskins/Getty Images

Real Madrid are planning a massive youth recruitment drive and after securing both Dutch forward Mink Peeters and Spanish starlet Marco Asensio, their next target is Liverpool prodigy Pedro Chirivella, according to reports in Spain.

The Champions League holders arguably have one of the best first-team squads in Europe but they are planning to extend their dominance by snapping up some of the best young prospects around the world.

Los Blancos recently secured Peeters from Ajax and according to Spanish newspaper Marca they have also agreed terms to sign Mallorca youngster Asensio for around £3.5m after outbiding Barcelona for his services.

Peeters, 16, was said to be one of the next big things to emerge from the prolific Dutch academy, while 18-year-old Asensio is proving to be a sensation in the Spanish second division during the current campaign, scoring three goals and grabbing six assists in 13 appearances for Mallorca.

Marca has reported Real Madrid's next two targets are coveted 15-year-old Norwegian prodigy Martin Odegaard and Liverpool academy star Chirivella, who is dubbed the new Xabi Alonso.

Real Madrid have reportedly already offered Odegaard a five-year contract to secure his services and even though the Norwegian recently said his dream is to play at Liverpool, Marca believes he will eventually move to the Santiago Bernabeu.

Meanwhile, Marca have been reporting since last September that Los Blancos are closely monitoring Chirivella regarding a future move, and now they look ready to launch a bid to secure his services.

The Spanish creative midfielder moved to the Anfield academy from Valencia in summer 2013 after Liverpool paid around £2m to secure his services but Real Madrid are ready to make every effort to to bring him back to his homeland.

Even though he is just 17, reports in Spain suggest Liverpool manager Brendan Rodgers has already included him in a number of first-team training sessions to closely track his development.