Telecinco says Real want to offer Raul a contract - beginning from when his current deal expires in 2010 - that will be renewed at the end of every season, so long as he participates in 30 games.

The agreement will also involve Raul nominating what role he wishes to fulfil at Real once he hangs up his boots - effectively making the contract a 'lifetime' deal.

The playing arrangement is similar to what Ruud van Nistelrooy agreed to last month, with the Dutchman having renewed for two years and having the option of continuing to extend the deal every 12 months so long as he plays 35 games.