Cancelo, 31, who joined the Saudi Pro League club from Man City back in 2024, is now pushing for a return to Europe.
Several reports had revealed that former club Inter Milan had agreed a loan deal with Al Hilal for the right back.
According to Fabrizio Romano, Barcelona, another club he spent a season at on loan, have now joined the race to sign Cancelo.
It’s understood that the La Liga leaders have made a loan offer that would cover a small percentage of Cancelo’s current Saudi wages.
Romano adds that Cancelo has been waiting for Barcelona to make their move and the Catalan’s are his clear preference.