The 2022 Ballon d'Or winner reportedly reached an agreement with Madrid earlier this month to renew his contract for another year. However, the situation has changed in recent weeks, and the forward is considering the Saudi offer.
Madrid suffered a disappointing 2022-23 season after failing to compete with Barcelona for the LaLiga title and exiting the Champions League with a heavy defeat to Manchester City in the semifinals.
Benzema has suffered numerous fitness issues this season and was sidelined for the 2022 World Cup, in which France finished runners-up.
A source told ESPN that Benzema wants to stay at the Bernabeu, where he has spent the past 11 years, but there is a possibility of him joining his former Madrid teammate Ronaldo in Riyadh.