Raul has made 550 appearances for Madrid in 17 seasons, scoring 228 goals
Former Spain striker Raul has announced his departure from Real Madrid after 18 years at the club, claiming he could now make a move to the Premier League.
The 33-year-old was expected to join German side Schalke on a two-year deal, but Raul denied a deal had been done.
"I have had very deep discussions with Schalke," he said, "but there are other teams that are also interested. My future lies in Germany or England."
Raul scored 323 goals in 741 games for Real, and 44 goals in 102 Spain games.
That scoring record helped him become a legend at the Bernabeu club, which he joined in 1992, making his first-team debut against Real Zaragoza in October 1994 at the age of 17.
Should he opt against a move to the Bundesliga with Schalke, Tottenham and Newcastle have been mooted as possible options for the veteran striker, while Liverpool and Manchester United have also been mentioned as potential destinations for the Madrid idol.
"In a few days I will know whether I'll be going to the Bundesliga (or to England)," he told a press conference, also attended by president Florentino Perez and director general Jorge Valdano.
Raul helped Real seal three Champions League triumphs and six Spanish league titles in his time at the club, and he admitted: "This is a very tough and difficult day.
"Football has been my life and Real Madrid my home. Together we have lived unique moments.
"I feel like a footballer still and I will keep on playing but I will always be loyal to Real Madrid. I have tried to give everything in my time here.
"A new period starts today. I have been happy at Real Madrid and I will always be willing to help the club in whatever it needs."
Real president Florentino Perez also paid tribute to the departing idol and stated: "We will never forget Raul.
"There are many men who form part of the legend of Real Madrid but few that are chosen to embody the club - Raul is one of those."
Midfielder Guti, 33, who spent a total of 25 years with Real having come through their youth system, announced he was joining Turkish club Beskitas on Sunday.