The Spanish giants have seen their latest bid of €15m for Cavani rejected, and need to bring in money to increase their offer.
And French sports daily L’Equipe claims they are hoping to offload Lemar to acquire the funds necessary.
But the €65million asking price on Lemar’s head is proving to be a stumbling block for those clubs keen on the Frenchman.
Arsenal, Chelsea and Tottenham have all been linked with a move for the former Monaco winger, who has struggled to win over Atletico coach Diego Simeone, who says he is surplus to requirements at the Wanda Metropolitano.
With the transfer window coming to a close Atletico Madrid may need to adjust their asking price to make a deal for Lemar possible.