Real Madrid defender Sergio Ramos has reportedly rejected a new contract offer from the club and is now considering his options ahead of a possible exit from the Bernabeu.

Head coach Zinedine Zidane is keen for the 34-year-old, along with Luka Modric and Lucas Vazquez, to stay at the club beyond the summer of 2021, with the Croatian understood to be the only player to have agreed a new deal.

Marca reports that talks between Ramos's representatives and Real Madrid were held on January 1, with the club offering the defender a one-year contract extension.

The new deal would see him earn more than £10m, but Ramos has rejected the offer from the Spanish giants as he would like a longer contract.

Despite the club being desperate to keep hold of their captain beyond next summer, Los Blancos do not want to budge on their aforementioned policies which include offering players over the age of 30 one-year deals.

Now that the January transfer window is open, Ramos can negotiate with other teams across Europe over a free transfer, with the Spaniard being closely monitored by Manchester City as well as French champions Paris Saint-Germain.

Ramos has made over 650 appearances for Real Madrid since joining the club from Sevilla in 2005, and has won five La Liga titles as well as four Champions League triumphs.