Khedira has been strongly linked with a summer move to Arsenal, with some reports in Spain suggesting the Gunners had struck a deal with the Champions League winners.
But Sky Sports News understands those reports are wide of the mark and the player’s agent, Jorg Neubauer, insists that Real have received no bid from any club.
Khedira has one year left on his contract at the Bernabeu, and Neubauer says talks are continuing with the club about a potential new deal.
The arrival of Toni Kroos from Bayern Munich does not necessarily mean Khedira is surplus to requirements - the two played in tandem at the World Cup.
Meanwhile Sky sources understand Arsenal right-back Carl Jenkinson is a potential target of West Ham, either on loan on a permanent deal.