Sergio Ramos will leave Real Madrid after 16 seasons with the La Liga giants when his contract expires at the end of the month, the club announced on Wednesday.
The La Liga Giants have scheduled a farewell ceremony for their longtime captain in the presence of club president Florentino Perez on Thursday.
Sergio Ramos, 35, wanted a new two-year deal to stay at Madrid but according to ESPN sources Perez was not prepared to break his policy of only handing one-year contracts to players over 30.
Conversations between Perez and Ramos have been ongoing throughout the last year and continued into June. However, neither party was prepared to compromise.
ESPN sources also claim that Ramos did not demand a pay rise to stay at the Santiago Bernabeu.
Ramos, who made 671 appearances for Madrid, scoring 101 goals, has still not made a firm decision on his future and is not expected to announce his next destination at Thursday’s goodbye event.
Sergio Ramos has also represented Spain in four World Cups and three European Championships and was an integral part of Spain’s continued dominance that saw them win the 2008 Euros, 2010 World Cup and 2012 Euros. Sergio Ramos has in total won 179 caps for the Spanish National Team.