The veteran full-back opted to call time on his career in the Spanish capital at the end of the 2025/26 season despite having the option of a traditional one-year renewal as per of the club's policy for players aged 30+.
Carvajal came through the youth system at Los Blancos, before spending a year at Bayer Leverkusen, and then immediately returning to Madrid in 2013.
The 34-year-old went on to win four LaLiga titles and six UEFA Champions League as part of several dominant teams and established himself as a club legend and one of the world's best full-backs across the last decade.
As per reports from Diario AS, Carvajal has received offers from MLS, the Saudi Pro League and the Qatar Stars League, but his focus is on maintaining continuity for his family and playing at the highest level in Europe.
Several European sides have reached out to Carvajal's representatives and those proposals will take priority for a player who remains confident of his ability to play in the UCL despite an injury disrupted 18 months for club and country.
A move to another LaLiga team remains as an option despite his career-long commitment to Real Madrid as he aims to break the 500 career appearance mark before retirement.