The writing is on the wall that Raul is leaving Real Madrid. AS says a new adidas promotional video for Real Madrid has left Raul out of the footage - which includes Puskas, Di Stefano, Butragueno, Zidane through to Kaka and Higuain - but no mention of Raul.
Further, advertising for Real's strip for next season does not include the captain - instead Kaká, Xabi Alonso, Cristiano Ronaldo, Pepe and Iker Casillas have appeared in the print media modeling the new shirts.