The 21-year-old winger has been linked with a switch to the Bernabeu on the strength of a 'throw away comment' from new coach Juande Ramos.
Ramos said he was "impressed" by the youngster, but not to the extent of making an offer.
Adam Johnson: "It is a great honour that Madrid have set their sights on me and I feel very flattered.
Is This Real Madrid Quote Getting A Little Out Of Hand?
"Last summer there was a lot of talk about me joining Tottenham and I know that Juande sent various scouts to see me in different games last season.
"Also I know that now he has gone to Madrid and that they are looking for wide players to sign in January.
"I play like Robben. I like to dribble with the ball, to go for goal and to look for one-on-one situations.