Real Madrid want to extend Vini Jr's contract but the forward has so far refused to enter negotiations.
The 24-year-old's current deal, which sees him Madrid's third highest-paid player on £333,000-per week, expires in 2027.
And following his impressive Champions League performances last season Los Blancos are keen to extend their star's stay beyond the next two-and-a-half years.
However, according to a recent report from Revelo, despite offering the South American the opportunity to sign a new, and presumably improved, deal, the forward has opted against entering into negotiations.
With talks stalling, progress in securing the player's future has yet to be made by Madrid with Florentino Perez now forced to wait for a better moment to re-open discussions.
While Vini Jr's future is up in the air, a huge contract offer remains on the table from Saudi Arabia's Pro League.
The lucrative Middle Eastern league have offered Madrid's number seven the chance to become the world's highest-paid player with a deal worth a staggering €1 billion over five seasons, and although a transfer has yet to be agreed, there is rarely smoke without fire in the world of football.
During his time in the Spanish capital, Vini Jr, who joined from Flamengo in 2018, has scored 91 goals and registered 82 assists in 279 games in all competitions.