Bruce has raised �17.5m in transfer fees after selling Emile Heskey and Wilson Palacios in January, and looks set to bring in Newcastle winger Charles N'Zogbia before the end of the transfer window.
"We have lost Emile and Wilson, and the last thing you want to do is rebuild a team in January. Keeping hold of Antonio was paramount."
Real Madrid have been in the market for wide men, and were linked with moves for Aaron Lennon and Jermaine Pennant before the latter joined Portsmouth on loan.
The Spanish club have, however, signed Frenchman Julien Faubert from West Ham on loan until the end of the season for a fee of �1.5m.
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