Real deny interest in swap deal between Reyes and Owen

Real Madrid have denied reports that they are interested in an exchange deal involving England striker Michael Owen and Arsenal forward Jose Antonio Reyes.

"Real Madrid are not considering any exchange deal involving Michael Owen and Arsenal's Jose Antonio Reyes," the Primera Liga side said.

Reports of an exchange deal between the two clubs have surfaced in recent weeks, with the speculation reaching fever pitch after Reyes told an impersonator from the Cope radio station in Spain that he was not happy in London and was keen on a move to Real.

Arsenal paid a club record of around £17 million to Sevilla for Reyes in January 2004. Owen has been unable to earn himself a regular place in the Real Madrid starting line-up since his €12 million move from Liverpool, despite the fact that he enjoys one of the best strike rates in the Primera Liga.