They could move for Athletic Bilbao goalkeeper Kepa Arrizabalaga in the winter window - but also view Manchester United's David de Gea or Chelsea stopper Thibaut Courtois as attainable options at the end of the season.
Multiple offers of a contract renewal have not been accepted by the Spanish global and once January 1 has passed he will be able to talk to foreign clubs about a free transfer in the summer.
That puts pressure on De Gea to make a firm decision about his future, which is only fair to both clubs.
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"Both have been looked at before, and Madrid see both as available albeit for considerably more financial outlay then Kepa", Jenson noted.
Real Madrid were plotting to sign Kepa in the summer on a free transfer, but the club have decided against dragging the saga on and are prepared to get the deal over the line in January.
Los Blancos are trying to sort the goalkeeping woes since Casillas's departure in 2015.
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Keylor Navas' error against minnows Fuenlabrada on Tuesday night intensified the debate over whether Real should push forward with recruitment plans in January, or to wait until the summer.
Real Madrid have always been linked with the talented custodian and Florentino Perez is already preparing a bid worth €20 million which is the exact amount of Kepa's release clause.
Kepa Arrizabalaga is on the verge of joining Real Madrid.
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De Gea is a player they've tried for previously and is arguably the finest goalkeeper in the world as it stands. The Belgian has been Chelsea's No.1 for a long time now and the Blues will want to keep their man.
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