According to reporter Picon, Real Madrid said that if Pamecano does not renew his contract, they are considering making an offer in 2026.

The reporter wrote

Real Madrid believes this is an excellent transfer opportunity and has contacted his agent to express interest. If he doesn't re-sign, they are considering making an offer in 2026. In addition, there are many other clubs interested in him. The player has yet to decide whether to stay at Bayern Munich. The German club are in talks with his agent over a contract extension, but the player is demanding a hefty contract that includes an extension bonus. Even so, Upamecano may stay on the team. Upamecano has a good relationship with his coach Vincent Kompany and the club's management are working hard to convince him to stay. Real Madrid is one of the candidates to sign him if he does not renew his contract.