So, apparently Real is going to extend the contracts for Ronaldo, Bale, Modric and Kroos this month. It wouldn't surprise me if they announced them all at once.
That's probably where Real's transfer money is going to
Pepe not getting a mention is weird, because he showed this summer that he's still one of the best on his position and only has a contract until this summer. A central defender can still be very good even when getting older, getting a little bit slower etc is not that bad compared to other positions.
Isco is the next question, only has a contract until 2018 and Benzema until 2019, but I can see that getting done very quickly. Isco and Benzema have said enough times that they want to stay at Real Madrid as long as possible.
And the recent news is that Real and Atletico (as predicted) get a 2 transfer ban for mistakes they made with signing some youngsters. Sounds bad, but in reality it's not. The winter transfer period is almost never used for big transfers and they can sign players next summer, but they can only start playing until January (so you could loan them out at their current club for 6 months).
