Vinicius Junior has rejected a new contract offer from Real Madrid.
Vinícius Júnior, 24, has a contract with Real Madrid to 2027.
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The Brazil star has been linked with a possible move to the Saudi Pro League for the past 18 months.
It has been reported that Al-Ahli are ready to offer the striker a five-year contract worth €200m-a-season.
They are also said to be prepared to pay €300m to buy Vinícius Júnior from Real Madrid.
Now The Athletic reports Real Madrid have begun negotiations with Vinícius Júnior's camp about a new contract.
However, the 24-year-old has rejected the first offer from the Spanish giants.
His current annual salary is €15m net. The star's camp wants a substantial salary increase to extend.