Raul and Guti are facing their final season at Real Madrid.
Neither player is a first-choice for coach Manuel Pellegrini and Sport says president Florentino Perez is ready to release them at the end of the season.
Raul and Guti will be kept on until June, with Perez reluctant to sell either player without a glorious farewell in the closing weeks of the campaign.
Perez wants to make sure both players leave with their heads held high, having spent 15 years at the club, and will show each maximum respect as he plans next season without them.