Real Madrid has given Sergio Ramos a March deadline, for a final conclusion on his new contract at the club, ABC reports.
Both parties have failed to agree on fresh terms in spite of months of negotiations.
Ramos’ current deal is set to expire at the end of this season.
The sticking point is the wages the defender is demanding. But Madrid is looking to balance the books amid the COVID-19 pandemic.
The Spanish giants had hoped Ramos would lead by example and accept a pay cut.
However, with the 34-year-old yet to accept the offer of a two-year-deal and a 10% pay-cut, the club’s hierarchy has issued a March deadline for a final decision.
As it stands, Ramos is free to discuss his future with potential suitors, but Manchester United is Ramos’ preferred destination should he leave Madrid.