According to Tuttosport, the two football giants are the only ones left in the hunt for the 23-year-old midfielder who is nicknamed the ‘Serbian Zidane’.
Milinkovic-Savic has played 94 times for Lazio since joining in 2015 and he scored 12 goals in 35 Serie A appearances last season as they finished fifth, just missing out on a Champions League place.
Those 12 goals were the most by any midfielder in Serie A last season.
After this, he then went on to play in all three of Serbia’s games at the World Cup in Russia this summer.
Then during this summer he played in all three of Serbia’s games at the World Cup in Russia but was largely ineffective.
Despite that, Lazio are holding out for around €120m for the midfielder.
Pjanic, who only recently signed a five-year contract with Juventus, has already had approaches from Barcelona, Chelsea and Manchester City this summer and could feature in a possible swap deal.
Meanwhile, Marcelo is rumoured to have been linked with a move from the Bernabeu to Juventus and should Real Madrid win the battle could be included in negotiations.
Cristiano Ronaldo, his team-mate for many successful trophy-winning years, made a £100million move to Turin earlier this summer