The former Barcelona forward, who had a previous spell on the books at the Santiago Bernabeu, is currently seen as one of the highest paid players in the game, with his Russian employers running a salary upwards of €20million (£17m).
However, it is understood that having been informed by Anzhi of their difficulty in continuing to pay that amount, the player’s agents have taken it upon themselves to source new employers this summer.
Whilst a reunion with former Inter boss Jose Mourinho at Chelsea has been suggested in recent weeks, or even a return to Inter in Italy, Spanish newspaper Sport report that Madrid have been approached about making a possible bid too.
Reports in Spain suggest that Manchester City Coach Manuel Pellegrini is apparently pressurising the City hierarchy to go in for Atletico Madrid centre-back Martin Demichelis.
Demichelis worked with Pellegrini at Malaga up until the end of last season but like the Coach left La Rosaleda this summer.
Whilst he has only just moved to the Vicente Calderon on a Bosman, speculation in recent days has suggested that Atletico would be prepared to cash in on any advances made by City.
The English are once more listed in reports today as pushing for the 32-year-old, with Pellegrini believed to be keen for the reunion with the Argentine defender.
With Vincent Kompany the third centre-back at the club injured just one game into the season, it is seen that the Chilean tactician is keen for cover to be brought in and that Demichelis is top of his list.
However, where Atletico have been reported through the past few days as looking for a figure of around €5m, it is understood that City are only prepared to pay as much as €3million (£2.5m).
Reports suggest that Atletico Madrid are reportedly still looking at picking up Jeremy Toulalan this summer, despite him only recently moving to Monaco.
The capital club were known to be pursuing the Frenchman this summer and were believed at one stage to have reached agreement with the player.
However, Malaga agreed a transfer with Monaco, who completed the midfielder’s transfer in early July for a fee believed to be in the region of €5million (£4.3m) plus add-ons.
In spite of this and the player already featuring in the prinicipality outfit’s opening two League games, Atleti are reported by AS as still looking at the 29-year-old.
It is understood that in light of a strong working relationship built through the transfer of Radamel Falcao, Los Colchoneros have asked of the possibility of picking up Toulalan.
Whilst it is believed that at a sporting level the Ligue 1 side are reluctant to sell, a deal may be reached, providing Atleti pay up the €5million (£4.3m) fee they were prepared to hand over to Malaga for the player earlier this summer and that Monaco are believed to have eventually paid.
Toulalan suggested in a recent interview in France that part of the reason for his move to the principality was Malaga’s reluctance to sell to another team in La Liga, ‘especially Atletico Madrid, who are playing in the Champions League’.