Thibaut Courtois remains in no rush to sign a new Chelsea deal but has no interest in signing for one of the Blues' Premier League rivals.
He has been associated with a move to Liverpool, but while he will not hold contract talks until after the World Cup, a switch to Anfield is not on the cards.
The Belgium No.1 could move back to Madrid to be closer to his children, who still live in the Spanish capital, or he could remain at Stamford Bridge.
He only has one year left on his current Chelsea deal and could depart for free at the end of next season.
Real Madrid are considering an approach for a goalkeeper but he is just one of a number of names who interest the European champions, with Alisson, David De Gea, Gianluigi Donnarumma and Kepa Arrizabalaga on Zinedine Zidane's shortlist.
Paris Saint-Germain had explored the option of signing Courtois but they will go for Juventus' legendary goalkeeper Gianluigi Buffon, who represents a more affordable target as they come under Financial Fair Play (FFP) scrutiny.
Atletico Madrid could be another option for Courtois but the good form of Jan Oblak sees them unlikely to move unless they are forced into a sale of their highly rated shot-stopper. Courtois enjoyed three successful seasons on loan at Atleti and the club's location could tempt the 26-year-old to re-sign there one day.
Chelsea director Marina Granovskaia, meanwhile, will re-open talks, which were last held in December, after the World Cup.
She is currently working on bringing in a new manager to Chelsea with Maurizio Sarri continuing talks in Milan to take over from Antonio Conte, whose departure has still yet to be announced. The change in manager is unlikely to influence Courtois' decision.