Media reports doing the rounds had linked the 16-year-old midfielder to Paris Saint-Germain and the players agent was even seen in Barcelona speaking to the club officials at one stage.
Endrick signed his first professional contract with Palmeiras in July 2022 having joined the club as an 11-year-old in their junior ranks.
Now a Marca report confirms that Real Madrid have travelled to Brazil in order to open talks with Endrick in Sao Paulo.
Recruitment chief Juni Calafat is expected to discuss their plans for Endrick and persuade him to sign a pre-contact with Los Blancos.
Real Madrid will only be able to make a move for Endrick in 2024, when he turns 18 and the deal would be worth around €35-40m.
Other Brazilian players like Vinicius Junior and Rodrygo Goes made the move to Los Blancos and have made a great success of their time while playing for the La Liga giants, which will no doubt be used by Calafat in his negotiations.