Real Madrid are reluctant to sell Karim Benzema next month.
The France international striker is a target for Arsenal, but Real coach Carlo Ancelotti wants to keep hold of him for the remainder of the season.
El Mundo Deportivo says Benzema's future will be settled over the summer, with his contract due to expire in 2015.
Real management will have to decide whether to cash in or hand Benzema new terms.
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