Radio Cope says the Cherries made an attempt to sign Fran in the final hours of the winter market.
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Bournemouth boss Andoni Iraola is a fan of Fran, having worked with him at Rayo Vallecano.
The Premier League club made a serious attempt for Fran yesterday, but Real management refused to do business. Los Merengues are insisting the defender is a required player.
It was under Iraola at Rayo where Fran's form convinced Real to buy him back two years ago.