The Dutch international has made 32 league appearances - netting five times - since joining the Madridistas last summer.
However, following the expensive acquisitions of Kaka, Cristiano Ronaldo, Karim Benzema and Xabi Alonso, Real are open to offers for Dutch quintet Van der Vaart, Wesley Sneijder, Arjen Robben, Roysten Drenthe and Ruud van Nistelrooy, while Klaas-Jan Huntleaar has already departed for AC Milan.
A move now seems all-but assured for the 26-year-old, after he was not handed a squad number ahead of the new season.
And the midfielder - who has been capped 69 times by his country and scored against England in Amsterdam in midweek - has been linked with a return to former clubs Hamburg and Ajax, as well as Inter Milan, Chelsea, Arsenal, Tottenham Hotspur, Liverpool and Aston Villa.
However, Van der Vaart will not be re-joining the Amsterdam ArenA outfit, after revealing he has snubbed an approach from manager Martin Jol.
"Jol has already contacted me, but I do not intend to return to my former team," he said
"My dream is to play in a major championship, namely England, Spain, Italy or Germany.
"Other proposals from abroad do not interest me."
NEWS: Van der Vaart tipped to leave for free
NEWS: Van der Vaart set for switch
