According to Relevo, Madrid and Vinicius sat down for contract talks two weeks ago but an agreement is not close. Los Blancos' offer is said to have been rejected by the Brazilian because it is too low, especially with Saudi Pro League officials allegedly offering him a €1 billion (£834m) contract.
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THE BIGGER PICTURE
The 24-year-old, whose contract runs until 2027, is reportedly going to be the subject of a €300m (£250m/$310m) bid from the Saudi league but Madrid are still favourites to retain the forward for a while yet, despite this eye-watering proposal.
"They're individual decisions. But to me, [Vinicius] looks happy and excited about staying here and winning trophies with Real Madrid. I think he's thinking about choosing glory," he added.
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WHAT NEXT?
Aside from contract speculation, Vinicius will hope to lead his Madrid side to victory in a top-of-the-table La Liga clash at home to Atletico Madrid this weekend.