The 27-year-old came close to leaving Tottenham last summer but ultimately stayed and signed a new contract.
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With Tottenham struggling in a Premier League relegation battle, it’s now understood that Romero will look to leave at the end of the season.
According to MARCA and TyCSports, there is a "preferential" release clause worth €60 million that would allow him to join Real Madrid, Barcelona, or Atletico Madrid.
Romero remains a priority target for Atletico Madrid, with manager Diego Simeone a vocal admirer of the defender.