Marcos Rojos first professional appearance for the club came at the end of the 2014/15 season, scoring a goal and assisting two others in the 3-1 win over FC Barcelona in the Copa del Rey final.
The 28-year-old has since gone on to score 16 goals in the competition and has since been named as a co-captain of the first team squad for the 2017/18 season.
The Uruguayan, who has also been linked with a move to Real Madrid, says he has no problem with his future at the Bernabeu.
“I have an offer to stay, but I will be free to talk with any club,” he told La Liga.
“I don’t have a problem with that.
I’ve played there for five years and I love the place.
I love that there are so many fans.”