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Real Madrid 'eyeing £8m Uruguayan teenager Facundo Pellistri after dispatching chief scout to watch him... but they face competition from Manchester City and Wolves'

Real Madrid are looking to the future as they eye a move for one of Uruguay's brightest prospects Facundo Pellistri... but they face competition from Man City.

Pellistri, 18, is currently plying his trade at Penarol, and has so far not left his home city of Montevideo during his fledgling career.

Now valued at £8million, it appears the big boys are beginning to take a closer look, and Goal report that Real Madrid are among those eyeing a summer move.

There are several Premier League teams also said to be in the hunt, though, with Manchester City and Wolves both admirers of the young winger.