Madrid are having a particularly bad time at the moment, with interim manager Santiago Solari struggling to illicit the same response that Zinedine Zidane did when he was promoted from youth coach to senior manager, and president Florentino Perez is said to be keen to install an authoritarian like Mourinho to return the discipline to a listless squad.
Reports coming coming out of the tactician's camp revealed on Wednesday night that: "There are no issues over Jose's contract with Manchester United".
Jose Mourinho will join beIN SPORTS, the global sports broadcaster, this week as part of the AFC Asian Cup 2019 and English Premier League coverage, which viewers across the Middle East and North Africa (MENA) enjoy exclusively on the leading sports channel.
Mourinho was sacked by United last month and was replaced by former Red Devils' player, Ole Gunnar Solskjaer.
When a professional returns or is invited to return to a club it is a tremendous honour.
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Now that he is unemployed again, Mourinho has been repeatedly linked with a number of high-profile jobs.
The source added: "There has been no contact, but they did get in touch with Jose after Lopetegui was dismissed, but he told them he was the manager of Manchester United and totally committed to the club".
Mourinho's time at Real between 2010-2013 - which brought a league title and a Spanish Cup but saw them largely play second fiddle to Barcelona - ended as it did at United and Chelsea, with bad results and discord in the dressing room.
After his last job it seems unlikely that Mourinho would be handed the keys to the Bernabeu straight away but you can never rule anything out when it comes to Jose or Real.
"When a Coach or player returns to a club, it means they did something positive".