Jumping the gun ever so slightly here, Dave - it's all just paper talk at the moment and I'm sure Spanish journos are every bit as bone idle and partial to a bit of 'cut and paste' as our lot. It's probably based on that interview Valdano gave when he suggested that Roberto would be more amenable to the giant egos in the Real dressing room than a disciplinarian like Conte would - he's definitely correct as well!
However, If he is offered the job he would be a fool to turn it down, and a fool is one thing Roberto certainly isn't, at least where his own career is concerned. They might have a few over-the-hill players but they are way better than their recent results so any new manager would almost certainly bring about a short-term improvement and then, if they choose to look elsewhere, could walk away with head held high and 'former Real Madrid manager' on their CV. And the money (and pay off) will no doubt be good.
It's tailor made for a short term manager and I'll bet the Great Firefighter himself, Samuel Allardicci, is busy right now in his luxury villa brushing up on his Spanish: "Ramos, traeme un pastel y la salsa!"