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He hasyet to make an appearance for the senior Real team, but the Spanish giants are keen for the youngster to gain some first-team experience.
Speaking after his side’s 11-2 pre-season win against Austrian Wienon Sunday, Dortmund coach Favre said a deal was close.
“We want to loanhim,” he told Sport1. “But it’s not done yet. It’s in the pipeline. He’s a nine-and-a-half and can also play as a false striker and on the wing.
“From what I’ve seen, he’s very good offensively and a very, very good finisher.”
Should Reiner complete a move to Dortmund he would become their third major signing of the summer.
Thomas Meunier was the first new face in June, signing a four-year deal after moving from PSG on a free transfer.
The arrival of Reinier may spark fresh speculation about the future of a current Dortmund forward, Jadon Sancho.
The 20-year-old is wanted by Manchester United but talks between the clubs earlier this summer failed to produce a deal, prompting Dortmund to declare that the former Manchester City youngster would be staying at the club for the 2020-21 campaign.
Goal has learned that theRed Devils are still chasing the winger's signature, despite Dortmund’s stance.