Gareth Bale's agent says it is "too early" to decide where the on-loan Tottenham forward will be playing next season.
But the Wales captain's representative, Jonathan Barnett, said he and Bale have not yet held talks about his future.
"There's no timescale. He is just concentrating on now," Barnett told BBC Sport Wales.
The 31-year-old rejoined Spurs on a season-long loan in September but has a year left on his Real contract, which expires in the summer of 2022.
At Real, Bale has won four Champions League titles, two La Liga championships, one Copa del Rey, three Uefa Super Cups and three Club World Cups.