Real Madrid: Florentino and Sergio Ramos to speak about captain's contract renewal on Monday

The Real Madrid captain and president will speak publicly - Ramos from his hometown Seville, where he will be on duty with the national team.

Real Madrid: Florentino and Sergio Ramos to speak about captain's contract renewal on Monday

Florentino Pérez and Sergio Ramos will be giving their views on the captain's contract renewal, which the club has been dealing with for the last few weeks. Both are due to speak publicly about the matter on Monday. Ramos will take advantage of the national team's presence in Seville to speak from his hometown. The president meanwhile, will discuss the issue on Cadena SER's El Larguero programme later that night.

Ramos and Madrid have been holding negotiations

Madrid say that they started negotiating with Ramos' representatives a few weeks ago and add that much of what has emerged in the media since then are "either pure speculation or far from the truth. What needs to happen will happen when their is a break in competition - in line with tradition at Real Madrid", club sources tell AS. This international break could be viewed as a break in competition - at least at club level, and a good moment to make an announcement.

Ramos to snatch Buffon record

The player insists that his intention is to end his playing days at Madrid. All will be revealed on Monday evening. Sergio Ramos will attend the media in a press conference from La Cartuja stadium where Spain will be taking on Germany - an historic game for him as he will overtake Gianluigi Buffon as the European player to have played the most international games in history. It will also be an opportune moment to explain the state of play with his contract. Ramos could shed some light on the situation concerning a reported offer received 45 days ago from PSG, which has not been confirmed or denied by his agents.

Madrid and Ramos are both keen to find some middle ground but the coronavirus pandemic hasn't helped negotiation. Despite the economic impact of the crisis on their income, Madrid closed the last tax year with profits of 319,000 euros, calculate that this season, revenue will drop by about 195 million euros. The club has already applied a 10% wage cut across the football and basketball sections and is studying another, similar salary cut amid hopes that a Covid-19 vaccine will soon be available. Under those circumstances, it is not easy to sort out contract extensions and the club has been looking at different ways of resolving Sergio Ramos' situation. And his isn't the only case - the contracts of Modric, Carvajal, Isco, Lucas Vázquez, Marcelo and Casemiro are all up for review.