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Transfer news: Arsenal and Liverpool target Alvaro Morata rules out Real Madrid exit this month

Premier League duo look set to miss out on Morata as the Spaniard reveals his desire to remain at Madrid

Alvaro Morata has informed Real Madrid chiefs that he would like to stay at the Bernabeu - despite interest from a host of Premier League clubs.

The Daily Express report that the 21-year-old, also attracting interest from Italy, has spoken to Carlo Ancelotti, the Madrid manager, about his desire to remain at the La Liga club.

Morata had previously suggested he could be open to a move but, after helping Los Blancos move to within a point of Barcelona after thumping Real Betis 5-0, revealed he has changed his mind.

"Despite all the stories that have emerged, I am happy here," he said.

"I have spoken with the club and the coach and told them I want to stay here.

"This is the team I have spent my entire life at and I will stay here and do whatever the club asks of me or needs of me, even if it's to play a minimal amount of games."

Tottenham Hotspur are also believed to hold a tentative interest after trying to include Morata as part of the £85million world record deal that saw Gareth Bale leave White Hart Lane last summer.

Recent reports suggested Arsenal and Liverpool had made loan enquiries for the Spaniard, but he now looks set to remain with Madrid for the foreseeable future.