Real are expected to be on the look out for a new manager come the end of the season as current boss Jose Mourinho is expected to move on and Laudrup has emerged as a potential candidate for the position.
The Dane is working wonders with Swansea and that has kicked off suggestions he could return to Spain following spells there already with Real Mallorca and Getafe.
The Real fans would also like Laudrup on board after he finished third in a poll that appeared in the Spanish newspaper Marca, but the Swans boss has shrugged off all the talk.
"It is always nice when someone talks well about you but you have to remember I played there and have a lot of friends there," said Laudrup, who won the Spanish title with Real Madrid in 1995.
Meanwhile, Laudrup has also revealed he is happy with the freedom he has at Swansea and may not be keen on a return to La Liga where you are dictated to from the powers that be.
"Over here a manager has a lot more influence over who is coming in and who is going out," he added. "In Spain, you have people deciding on your players from behind a desk."