Keane could provide Madrid's missing link
Lopez Caro is currently in charge at the Bernabeu after Wanderley Luxemburgo's departure, with Real looking to get their domestic campaign back on track.
Keane, who left Manchester United by mutual consent last month, has received offers from a host of Barclays Premiership clubs but is tipped to move to Madrid until the end of the season.
The Spanish giants have struggled in central midfield this season, with 34-year-old Keane seen as a solution. David Beckham has been deployed in an unfamiliar central role, while Pablo Garcia and Thomas Gravesen have struggled for form.
While Lopez Caro believes he has the personnel to achieve, he also revealed his long-term aims.
"I have a great responsibility, it's not just about me as a person, I have to demonstrate that I'm competent, and fulfil the commitment I have to the fans," said Lopez Caro.
"I want to enjoy my time along with them and make it clear that the team will play for their lives and deliver results. We want to build the best team in the world."
Real were sixth heading into this weekend's fixtures, although they have made it through to the knock-out stages of the Champions League.
Lopez Caro is confident of turning their La Liga campaign around, given the quality in the squad.
He added on the club's website www.realmadrid.com: "I have the footballers I need in order to do anything I want.
"We have abundant resources, as long as they live up to the expectations that are placed on them, and that they are in tune with my scheme."
Signing Keane would unite the midfielder with former Old Trafford colleague Beckham, who understands the inspirational effect Keane has.
"The players responded in every game he asked us to," Beckham said when Keane left United.
"Every player that plays with him can never speak high enough of him and everyone who has played against him has something to say and the majority of the time it is good.
"He is a player who will lead from the front, get a team going. He is also a player who will tell you when you have done something wrong and something right. You know where you stand with him, he'll tell you in his own special way."
Latest in Sport
Paul Scholes: Manchester United vs Liverpool - I don't understand why Brendan Rodgers was not more attacking against Basel
Jesus Christ plays for Chelsea - that's what one in five children thinks
Transfer Talk: Nemanja Vidic to return to Manchester United; Hazard to leave Chelsea; Sunderland want Radamel Falcao
Frank Warren column: Don't bet on Amir Khan landing pay day against Floyd Mayweather
Manchester United transfer news: Kevin Strootman move edges closer
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food