The legendary Spanish goalkeeper has been a mainstay of the first team at the Bernabeu for a decade.
Casillas told his club’s official website: “It would be a dream come true and a real joy to finish my career at a club where I had the privilege of starting out when I was just nine.
“I have a contract until I’m 36 and my dream is to finish when I’m 39.”
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.