The 72-year-old has been the president of Real Madrid since 2000. The duty of the president is to oversee the management of the club, including players and coach signings. Presidents of the club are elected by ballot.
It is not the first time the 11-time French Open champion has been named as a potential candidate for the position. Last year, Nadal himself said that he would like to one day become the head of Real Madrid. He has been an honorary member of the club since 2014 and was widely reported as being a key figure in the signing of Marco Asensio in 2014.