The Spain international had been heavily linked with a move to Manchester United
Ramos, 29, will be unveiled at a ceremony in the stadium’s presidential box at 12:30pm today.
However, negotiations broke down after the Red Devils were only willing to pay £35million – £29million less than Madrid’s valuation, according to reports.
In addition, United were adamant they would only sell De Gea for a world record £35million but Madrid were only prepared to offer as high as £25million.
All hope of signing Ramos now appears to be gone as the club captain today extended his stay at the Bernabeu.
Otamendi could snub United for City
Valencia defender Nicolas Otamendi is a player which United have been linked with should they fail in a move to sign Ramos.
However, reports today claim City are planning to hi-jack United’s move for the 27-year-old after they are believed to have had a £28.4million bid accepted over the weekend.
Question’s remain over whether the former Porto defender would be able to oust Vincent Kompany or Eliaquim Mangala from the starting line-up at the Etihad.
The central defensive pair have looked assured at the back, keeping consecutive clean sheets in consecutive 3-0 victories against West Bromwich Albion and Chelsea.
Written by Jack Wynne – @JackRobertWynne