The reports then became the main topic of conversation at news conferences at both Spanish clubs later on Friday.
In the same week that PSG crashed out of the Champions League, and only seven months after he joined the club for a world record 222 million euros, Neymar's future has become uncertain.
The last 20 years have seen Real Madrid lift the Champions League six times (1998, 2000, 2002, 2014, 2016 and 2017) and most of those victories have coincided with disappointment on the domestic front.
"When I came here I said I was sure this team can win the Champions League. He plays for a different team, it would be absurd - we have a policy not to talk about players at other teams", Valverde said.
Unai Emery's French giants disappointed without their injured talisman, with Marco Verratti's mindless red card for dissent against referee Felix Brych costing them any chance of a comeback.
Real Madrid will travel to Ipurua feeling inspired after their win over Paris Saint Germain on Tuesday evening.
Even more galling for Qatar and PSG is that one of the favourites this year is Abu Dhabi-owned Manchester City.
Zinedine Zidane comments on how transfer fees have risen since his playing days, and jokes that clubs could be paying up to €400m for Neymar in the coming years.
That is a damning statistic for a club with their means and ambitions. I speak to him and it's not a problem.
And they went down 2-1 at home in the return fixture on Tuesday, bowing out in the first knockout stage for the second season in succession. "We need to keep enjoying his goals and his performances".
This effort has reached its height in football, through PSG and the country's winning bid to host the 2022 World Cup.
He has been out of action since picking up the injury to his right foot after finding himself on the receiving end of a bad tackle against Marseille on February 25. We were told to arrive two hours before kick-off, we were told that the players needed the Parc to be as loud as it's ever been, to get behind the team like never before.