Thursday 26 January at 05:35 : Jan.26 (GMM) HRT is in talks with the city of Madrid to relocate its headquarters to Caja Magica.

Otherwise known as the Magic Box, the facility houses the Madrid Open tennis tournament, the Spanish Olympic Committee and - until last year - the Real Madrid basketball team.

After its first two seasons under the German-based Colin Kolles' management, the former Hispania team has now entered a new phase with an increased Spanish identity.

Madrid regional officials told the Europa Press news agency that negotiations with HRT are underway.

The team "has approached the city with regards to relocating its headquarters to one of the spaces at the Caja Magica", an official confirmed.

"At the moment there is nothing fixed, nor any pre-agreements signed," the spokesman added.

HRT would not comment on media speculation.