Real Madrid coach Carlo Ancelotti hopes to soon pen new terms.
Ancelotti is currently tied to Real until 2016 and was asked about discussing a new deal.
"Soon I hope. To find a better club than this one is complicated. I am keen to re-sign, but there is plenty of time ahead."
On January additions, he added: "No, there are no plans to make any signings. We could replace Modric, but we have the young lad, Medrán who is playing really well for Castilla. It could be an option."