But the question is, who will the defender be joining? It seems Ramos favours the Chinese Super League, however there is interest from Juventus, Manchester United and many more.
Planet Sport runs you through some of the favourites to snap up the Spaniard.
Chinese Super League
Although the defender has not specified his interest in one particular club, Real Madrid top dog Florentino Perez has stated that Ramos is looking for a move to the Chinese Super League.
From Perez's statement it is no wonder the bookies have favoured the defender to make a move to China, although some had initially claimed he was using an apparent offer from the Far East as a bargaining tool to negotiate higher wages with Madrid.
Fees and wages would be exorbitant for the experienced centre-back, who has won the World Cup once and European Championship twice with Spain.
A move to China would certainly be a nice retirement for the Spaniard, racking on those extra bucks for the last years of his career.
Now this transfer makes way more sense for the defender.
A move to Juventus for Ramos will give him the chance to continue his success in European football, as well as reuniting with former teammate Cristiano Ronaldo.
A move to Italy will be more sensible for Ramos, where he will still be able to play his best football as well as add to his list of honours.
Juve, having had their run of nine Serie A titles halted by Inter Milan last season, will be itching to seize the trophy back under new boss Massimiliano Allegri.
The Red Devils have joined the race for Ramos as they seek reinforcements to their defence this summer.
After spending his whole career in Spain's La Liga, a move to the Premier League would certainly not be a gentle waltz towards retirement for the veteran with its well-known physical demands and inclement mid-winter temperatures.
However, Ole Gunnar Solskjaer's side are in need of a reliable defensive partner for Harry Maguire, and Ramos could be the final piece in United's puzzle to challenge neighbours City's recent domination.
Ramos' final move in his career could be a transfer to boyhood club Sevilla.
After spending nine years as part of the youth and first team, he would certainly receive a great send-off back in his home town.
The Spanish side secured Champions League football after finishing fourth last season, two points off Barcelona. A transfer to Sevilla could be a wise move for Ramos where he will still be able to play Champions League football and challenge at the top.
However, is this the move he wants? It is believed that he is interested in a change of surroundings, and it is hard to believe that he would join another La Liga side.
The French giants are always in the frame when football's biggest names become available.
Let's face it, money talks, and Ramos would surely relish playing alongside the likes of Presnel Kimpembe, Gianluigi Donnarumma, Neymar and Kylian Mbappe.
After finishing runners-up to Lille for the Ligue 1 title and falling in the semi-finals of the Champions League, PSG could benefit from Ramos' guile and experience in order to improve next season.
Although a move to the big payers in France may be attractive for Ramos, the bookies don't see this one as a decent prospect.
After Virgil van Dijk's season-ending injury in 2020/21, Liverpool have learned the hard way that you need back-up players, even for your back-up players!
Liverpool are reportedly in the mix for Ramos, with the Spanish record cap holder potentially taking a trip to England to form a formidable centre-back pairing at Anfield.
Would he be popular with Reds fans? His highly questionable challenge on Mo Salah in the 2018 Champions League final between Real Madrid and Liverpool ensures his welcome on Merseyside would be frosty at best.
The last team on our list is another Premier League side in dire need of strengthening. The bookies believe that Arsenal are in the running for the legendary Los Blancos captain.
After last year's catastrophic season, the Gunners will have no European football for the first time in 22 years, which may not attract the four-time Champions League winner.
Arsenal could certainly do with Ramos' uncompromising character and a move to London to be managed by his former Spain team-mate Mikel Arteta does have its merits. We will have to wait and see.