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The 35-year-old centre-back's future with Madrid remained uncertain last season ahead of his Los Blancos deal expiring at the end of this month.
Ramos enjoyed a remarkable 16 years at Madrid after his stunning £18.5m move from Sevilla in 2005.
The Spain international, who succeeded Iker Casillas as Madrid captain in 2015, lifted five La Liga titles and four Champions Leagues during his time at the Santiago Bernabeu.
But now Ramos will make his exit from Madrid, despite admitting his desire to stay with the La Liga side.
An emotional Ramos broke down in tears during his Thursday press conference with Madrid president Florentino Perez after his farewell to the Spanish club.
The outgoing Madrid captain has been linked with a sensational return to former club Sevilla, along with attracting interest from Paris Saint-Germain, Manchester City and Manchester United.
However, Ramos revealed at his press conference that it is "not even an option" to move to Sevilla this summer.
According to a translation from Fabrizio Romano, the former Sevilla man claimed that a free move to Barcelona would be "impossible."
Ramos said: "I'm not joining Sevilla, this is not even an option. Barcelona? Impossible. You'll never see me at Barca.
"I don't know which club I'm joining yet. When I'll know, I'll be the first to announce it. It's not time to talk about my future."
Ramos insisted that he "never wanted to leave" Madrid as he revealed that the club offered him the possibility of a contract extension.
The Spain skipper claimed that he wanted a two-year contract, but he accepted a one-season offer during the last round of talks with Madrid.
However, Ramos said that he was "informed" the deal was no longer possible, saying it had an "expiration date and that I had not heard about it."
Speaking at his farewell press conference, he explained: "The first thing I want to say is that I never wanted to leave. I wanted to stay here.
"The club offered me the possibility of extending my contract, but because of Covid it was put on the back-burner.
"The club made me a one-year offer with a salary reduction. I have to say that there was no economic problem. I wanted two years and peace of mind for me and my family.
"During the last talks, I accepted the one-year offer, but I was informed that it was no longer possible, that it had an expiration date and that I had not heard about it."
Featured Image Credit: PA/Twitter
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