The Portugal international defender is due to become a free agent this summer, but he is refusing to give up on earning a new deal with the Blancos
Pepe is prepared to wait “until the very last” for Real Madrid to offer him an extension to his expiring contract.
The Portugal international is set to become a free agent in the summer, with a 10-year spell at Santiago Bernabeu coming to a close.
No fresh terms have been tabled to the 34-year-old as yet and the Champions League final on June 3 could be his last outing for the club.