Ezequiel Garay fears he has no future at Real Madrid.

Garay has spent the last season on-loan at Racing Santander, which are keen to extend the agreement for another 12 months.

The defender has an offer from Panathinaikos, which also want Royston Drenthe and Javier Saviola.

Pana officials were in Madrid this week for talks with Real about the trio.