The Spanish trio will reportedly be offered new deals during the pre-season tour of the United States, with president Florentino Perez conducting the negotiations himself
Marca claims that Los Blancos president Florentino Perez will accompany the team during the club's pre-season tour of the United States for the first time to handle the renewals in person.
Arbeloa and Albiol's contracts both expire in 2014, and it is believed that everything is set for them to add two more years to their respective deals.
Granero's situation, on the other hand, is a bit more complicated. The 25-year-old has been on the fringes of the action at the Santiago Bernabeu and has been linked with Spanish and English clubs.
Jose Mourinho is understood to be interested in keeping Granero in the squad, but with Luka Modric a priority for the coach, the Spanish midfielder could find himself further down the pecking order.