Real Madrid are reportedly not prepared to offer Sergio Ramos more than a one-year contract extension.
The club captain has made 640 appearances for Los Blancos in all competitions, winning four La Liga titles, two Copas del Rey and four Champions Leagues during his time at the Bernabeu.
Ramos has again been in impressive form during the 2019-20 campaign, contributing seven goals in 34 appearances for Zinedine Zidane's side.
The 34-year-old will be out of contract at the end of next season, though, and according to Mundo Deportivo, the club are only prepared to offer an extension until the summer of 2022.
Ramos was strongly linked with a move to the Chinese Super League ahead of the 2019-20 campaign but ultimately remained in the Spanish capital.
The Spain captain has scored 91 goals in all competitions for Madrid since arriving from Sevilla in 2005, including double figures in two of the last four seasons.