Both players have been followed by Man City of late.
Spanish giants Real Madrid are prepared to offer bumper new deals to key defensive duo Sergio Ramos and Pepe in order to keep the pair out of the reaches of a number of big-name Premier League clubs, according to reports in the Daily Mirror.
Spain international Ramos is currently seeking to get a pay rise from los Blancos on his present contract at the Santiago Bernabeu, which runs until June 30 2017, following in the footsteps of the bumper new deal that playmaker Cristiano Ronaldo has just been handed by Madrid president Florentino Perez.
Meanwhile, the Spaniard’s central-defensive partner at the back at Madrid, Portugal centre-back Pepe, is also said to be seeking an extension on his current contract in the Spanish capital, with the 30-year-old’s present deal lasting until the summer of 2016.
However, with both highly rated central defenders known to be on the wish list of big-spending Premier League outfit Manchester City, whose new head coach Manuel Pellegrini knows the pair well from his time managing the club, Madrid supremo Perez is understood to be readying new lucrative deals for each man so as to ward off City’s interest.
And in the case of Pepe, it is said that Perez now wants to keep the defender at the club for the rest of his career.