The German midfielder – who helped his nation to World Cup glory over the summer – is currently in the last year of his deal with the club, and has been linked with a January switch.
Khedira himself rejected fresh terms a matter of months ago amid talk that he wanted to join Arsenal in search of guaranteed playing time and a big salary, but Real are determined to make a last ditch effort to ensure he stays in Madrid.
Los Blancos chiefs are prepared to present the 27-year-old with an attractive proposal, although it’s understood that if he turns the latest offer down he will be sold in the New Year.
Arsenal are believed to be keen on the experienced ex-Stuttgart ace, with Arsene Wenger reportedly looking to draft in an orthodox holding midfielder with a spate of recent injuries having exposed a lack of cover in the Londoners’ engine room.
United are also in the running, yet their interest is thought to be dependent on their pursuit of Roma’s Kevin Strootman.
Bayern Munich, Liverpool and Chelsea have also been linked with Khedira.
Create your free online surveys with SurveyMonkey , the world’s leading questionnaire tool.