That form has not gone unnoticed elsewhere, however, with Manchester United understood to be prepared to spend heavily to prise him away as part of their effort to close the gap on England's leading clubs.
At Valdebebas, the club's stance remains watchful rather than closed. Real Madrid value what they have in Tchouameni, but they are not turning their backs on the broader squad overhaul supporters have been calling for.
Based on the valuation already placed on Nico Paz, reported at €120 million, any departures from the current squad are expected to command fees above the €100 million mark, a threshold the club is understood to have set for outgoing deals from now on.
Manchester United's need in central midfield stems from Casemiro's departure for Inter Miami, and the Brazilian's old position is one Michael Carrick has been trying to fill all summer since being confirmed as permanent manager. United's first choice,
Mateus Fernandes, ended up joining Tottenham from West Ham instead, while an earlier interest in Elliot Anderson evaporated once Manchester City agreed a fee with Nottingham Forest reported to be as high as €135 million.
Real Madrid have twice before sold prized assets to Manchester United in recent transfer history. Raphael Varane made the move to Old Trafford in the summer of 2021 for €50 million, before Casemiro followed the same path a year later for €72 million.
Relations between the two clubs remain warm, built on years of dealings that have run smoothly, most recently with Alvaro Carreras' move back to Real Madrid from Benfica last summer.
United, who had developed Carreras in their own academy before he left for Benfica in 2024, held a buy-back option on the player but chose not to exercise it, instead allowing him to return to his boyhood club and settling for a sell-on fee from the Benfica sale rather than standing in his way.
The first contacts over a possible Tchouameni deal are expected in the coming days, though for now it remains, in United's own assessment, a distant prospect rather than an imminent breakthrough.