Despite Tevez expressing his desire to stay at Old Trafford, the club have been reluctant to open contract negotiations with the player.
Though valued by the club's supporters and manager Sir Alex Ferguson, the expected £30 million fee he would command is giving the United hierarchy pause for thought, especially as the Argentine is not a first choice starter, with Wayne Rooney and Dimitar Berbatov preferred ahead of him for important games.
Due to the complicated nature of Tevez's loan deal with United, he is not free to discuss a move with another club before the arrangement expires, with United retaining first option on the player until such time.
Real, however, appear to have already made their intentions clear, forcing United to act or risk missing out on Tevez.
The meeting, which was also attended by former Uruguay international Daniel Fonseca, who is now an agent in South America, lasted well in to the night and early morning, according to a report in the Daily Star
Joorabchian said: 'I was in Madrid watching Javier Mascherano playing for Liverpool, as I watch many matches involving players I know.
'Predrag Mijatovic is a friend of mine and we enjoyed a dinner, along with other friends, after the game. It was nothing more than a dinner with a friend.'
Meanwhile Tevez, who looks certain to start for United in their Carling Cup final against Tottenham at Wembley on Sunday, believes United are on course for an unprecedented five trophy haul this season.
'We can win every trophy that we compete for, you can be sure of that,' he said.
'It is very possible we will end up with five trophies. We are not world champions for nothing. We have not proved we are the best team in the world for nothing. We now have a squad that is strong enough to be in contention for every trophy.
'The best part of the season is coming up. We're in the last 16 of the Champions League, we are top of the Premier League, we're in the quarter-finals of the FA Cup and we're in the Carling Cup final.'