RIO DE JANEIRO, March 22 (Xinhua) -- Spanish giants Real Madrid are preparing an offer to sign highly rated Flamengo teenager Reinier, according to Brazilian media reports.

The reigning European champions are willing to invest almost 70 million euros to secure the Flamengo midfielder on a long-term deal, the Globo Esporte news outlet reported on Friday.

Reinier has also attracted the interest of Liverpool, Paris Saint-Germain, Arsenal and Manchester City, according to the report.

The 17-year-old, who is contracted with the Rio de Janeiro club until 2021, has been capped four times for Brazil's U-17 team, scoring two goals.

Real Madrid currently have three Brazilians in their first-team squad: left-back Marcelo, midfielder Casemiro and forward Vinicius Junior.