I can't let Ramos exit Real on a free, maintains Perez
Real Madrid President Florentino Perez has insisted it would be "impossible" to allow Sergio Ramos to leave the club for free.
Los Blancos skipper Ramos (33) has informed Perez that he has received an attractive offer from a Chinese Super League club.
But China's football authorities have placed a 100 per cent transfer tax on overseas players, and if Ramos was to quit La Liga for the unnamed club he would have to leave for free.
Perez said he had spoken with Ramos about the offer.
"Sergio Ramos has not been in my house, nor I in his, they came to see me at the office," Perez said.
"They told me that they had a very good offer from China, but that the rules there do not allow (the club) to pay the transfer.
"I told Ramos that it was impossible for Real Madrid to let their captain go for free. I do not give it more importance."
It has been reported that Ramos, who has been with Real since 2005, is determined to leave the club this summer following a fall-out with Perez over their Champions League exit to Ajax.
Ramos is Real's longest-serving player, having scored 84 goals in 606 appearances since joining from Sevilla in 2005.
Meanwhile, head coach Gennaro Gattuso has left AC Milan by "mutual agreement" after the Serie A club missed out on Champions League qualification.
And former Chelsea and Tottenham boss Andre Villas-Boas is the new head coach of Marseille.
• Xavi Hernandez has been appointed head coach of Al Sadd, the Qatari club have announced.
The 39-year-old former Barcelona and Spain midfielder retired as a player with Al Sadd earlier this month after making more than 100 appearances.