As detailed by TMW, the two parties recently agreed a dry loan for the 24-year-old Serbian forward, sharing his salary across the season. A move seemed to be all but agreed, but now things have changed as Madrid push to make his move to Florence permanent.
Real Madrid have reportedly suggested to Fiorentina a loan deal with a €25m obligation to buy clause attached, a figure that would allow them to make a small capital gain on Jovic.
With a multi-year deal, the Viola would be able to take advantage of the Growth Decree law, allowing them to save on his salary.
Fiorentina have not agreed to this idea yet but both parties are confident that a deal will be reached soon, with or without the clause.
Jovic only scored one goal and provided three assists in 15 La Liga appearances last season.