Sergio Ramos
Sergio Ramos is set to stay at Real Madrid.Getty

Louis van Gaal's hopes of securing the signature of Sergio Ramos look all but over, with Spanish newspaper Marca revealing the Real Madrid centre-back has snubbed Manchester United's salary offer of €12m (£8.4m, $13.1m) a year. Instead, he will ink a new deal with the La Liga outfit.

The 29-year-old defender has been heavily linked with a move to Old Trafford since June, when AS broke the story that he was seeking to quit the team due to a disintegration in his relationship with club president Florentino Perez. The falling out was over the terms of a new contract for Ramos, despite him having two years left on his deal.

Having become a crucial asset at the Santiago Bernabeu since arriving from Sevilla in 2005, Ramos wanted his salary increased from€6m a year after taxes to €10m. Although it seemed chances of a new deal were minimal, earlier this week Marca reported that the player and Perez had ironed out a new deal in emergency meetings during the club's pre-season tour of China.

Marca now claim negotiations have been successful and Rafa Benitez's side expect to make the deal official before the La Liga season starts on 23 August. The Spanish publication claims that Ramos has committed his future to the club until 2020, pushing his wages up to around €9m.

Marca says that Ramos "is eventually missing out on money by staying at the Bernabeu". This is because a move to the Premier League would have seen him earn a significantly higher wage packet.