Real Madrid president Florentino Perez has reportedly told Real Madrid star Marco Asensio that he won’t be offered a new contract at this moment in time.

According to Marca, Marco Asensio has been given the chance to decide his future, with Real Madrid open to letting him leave for the right price this summer.

Asensio has just one year left on his Real Madrid contract and is attracting interest from several clubs across Europe.

Manchester United, Arsenal, Liverpool and AC Milan are all interested in signing the 26 year old Real Madrid star.

However, Liverpool and AC Milan are thought to be the favourites to sign the Spain international

Asensio’s agent, Jorge Mendes, was informed during a meeting with Real Madrid recently that the club won’t offer Asensio a new contract.

Real Madrid have reportedly told Asensio that he can leave the club this summer or stay at Bernabeu for the final year of his contract.

Real Madrid boss Carlo Ancelotti is allegedly calm over the situation and would have no issue picking Asensio next season even if he were planning on leaving on a free transfer at the end of the campaign.

Should Marco Asensio leave this summer, Real Madrid won’t sell for below £35million.

Asensio has scored 49 goals and registered 24 assists in 235 appearances for Real Madrid since arriving from Mallorca in 2014, winning three La Liga titles and three Champions League crowns.