Jese Rodriguez will leave Real Madrid on loan in the forthcoming summer transfer window following the return of Alvaro Morata, according to AS. The Spanish publication says the Canary Islander will only stay at the Santiago Bernabéu next season if Morata is sold on elsewhere, amid ongoing reports linking the latter with Manchester United, Arsenal and Chelsea.

Both Jese and Morata graduated from the Valdebebas academy to join Real Madrid's first team during Jose Mourinho's time at the club. However, the latter was sold to Juventus in the summer of 2014, with a buy-back clause inserted in the deal. Jese was then installed as the back-up to the "BBC" trio of Gareth Bale, Cristiano Ronaldo and Karim Benzema.

However, two summers later, AS reports the duo's futures are to become entwined once more, following Los Blancos activating the €30m (£25m, $33m) buy-back clause to lure Morata back to Zinedine Zidane's side.

Morata's agent, Juanma Lopez, and the player himself have both claimed that the move does not mean Morata will be playing for Real Madrid next season, as he wants assurances over his role in the team before he makes a firm decision.

Lopez recently revealed that the Spain international has offers on the table from Premier League sides, following the Daily Telegraph claiming Chelsea had already opened talks regarding a £40m deal. AS and Marca have both linked Chelsea and Manchester United with the player's signature, while the Gunners were understood to have had an interest prior to the Jamie Vardy transfer saga.

Morata, speaking from Spain's Euro 2016 camp to Cuatro, said: "I have nothing to prove. I'm not a [Real Madrid B-team] Castilla player anymore. Madrid will decide if I'm able or not. If not, I will need to take another decision. I am a Real Madrid player now and that's all I can say. I'd love to continue at Real Madrid, but I want to feel like I am important and fight to win a place."

AS believes Zidane will speak with Morata after Euro 2016 in an attempt to convince him to stay. This decision will lead to the loan of Jese, with Espanyol and Las Palmas both interested in his services.

AS adds that Real Madrid will renew Jese's contract in the forthcoming days before sending him elsewhere, as they still have faith in his long-term future at the club. However, they believe Jese would stay at the club if Morata forces his own exit.

Marca also confirm stories that Real Madrid will sanction the departure of Jese in the current window. However, they suggest that rather than a loan, he would follow in Morata's foosteps by leaving the club permanently with a buy-back option, in case he breaks out into a major star.