Spanish newspaper Sport reports that the deal is done, via 101 Great Goals, and Real may live to regret moving on the 27-year-old who proved his quality as Germany won the 2014 World Cup in Brazil:
According to Pete Jenson of The Independent, Khedira's lack of interest in a new contract is the reason for Real letting him go: "The midfielder has no intention of signing a new deal in Madrid, and with one year left on his existing contract, Real want to sell him now instead of losing him for nothing in the summer of 2015."
But the European champions should not let him go easily as he provides solidity in the midfield and does the essential work that often goes unnoticed.
In winning the World Cup—he missed the final through injury—Khedira became part of an exclusive group of players who have had huge success at the club level and internationally in the same season, as per ESPN's Dale Johnson:
While he was injured for much of the Champions League-winning campaign—although he did play in the final—German coach Joachim Low's use of Khedira in Brazil showed why he would be a big loss to the Bernabeu outfit.
Despite a knee ligament injury suffered in November, Low picked him for his World Cup squad without being completely sure of his fitness, as per Reuters (via Eurosport).
The German coach clearly holds him in great esteem, and he was not disappointed as Khedira performed admirably in Brazil, especially as the hosts were thrashed 7-1 in the semi-finals, as per European football writer Andy Brassell:
Real boss Carlo Ancelotti showed the same confidence in Khedira when he picked him for the Champions League final, and he would do well to hold on to a player he clearly rates very highly.
His quality as a ball-winner makes him ideal at Real where counterattacking is such a devastating part of their style of play.
His physicality can set up quick attacking opportunities when he wins the ball in midfield, and he also provides a terrific work rate and a significant presence at set pieces.
Khedira's dedication was proven in his tireless efforts to return to full fitness last season, and Real would suffer if they lost that intensity from their midfield.
Ancelotti himself acknowledged his efforts at the end of last season when Khedira made a surprisingly quick return, as per Heath Chesters of Inside Spanish Football:
"If he’s available, that means he can play. He’s had a great recovery, is fine and obviously he needs to play, little by little. If he has the chance to play, then he will play."
Ancelotti knows how good a player he is; he should not let him leave without a fight as he is a key part of Real Madrid's team of stars.
He is invaluable, both defensively and in setting up attacks, and he should play a key part next season as Real look to defend their Champions League title and win La Liga.