Hernandez, whose brother Lucas is also at Atletico, has spent the season on loan to La Liga side Deportivo Alaves, making 36 appearances across all competitions for the tenth placed side.
According to AS, the Atleti hierarchy are angered by Real's decision to finalise a deal for the left-back before their Champions League semi-final tie had concluded. Jesus Vallejo is also expected to be with the first team next season after spending this year on loan in Frankfurt.
And he's helped them to within a game of silverware, when they face Barcelona on May 27.
REAL MADRID are aiming to sign a couple of Galacticos this summer.
It's claimed that Barca sporting director Robert Fernandez tried to lure the youngster to the Nou Camp. The 19-year-old is a highly regarded talent and with a release clause in his contract, would not break the bank. There are concrete offers - both have made an offer to the level of his release clause - but we haven't chosen.
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He added that two persons have been included in the Cabinet now- Kailash Gahlot and Rajendra Gautam for a post which was vacant. Reacting to his allegations, Deputy Chief Minister Manish Sisodia said they were so absurd that they did not merit any response.
Foot Mercato quoted the agent saying: "The boy will decide where he wants to go".
"I always say that players will play where they want to play".
"There is an ethical code of conduct between all clubs and if anyone is interested in a player, then the club should be approached first".
Alaves meanwhile published a statement on the club website stating they knew nothing about Theo's Real Madrid medical and did not know where the player was.