Real Madrid defender has reportedly emerged as a transfer target for Paris Saint-Germain.
The 34-year-old has spent the last decade at the Bernabeu, but he has started to fall down the pecking order due to his age and the form of Sergio Ramos and Raphael Varane.
With a desire to feature at the 2018 World Cup, that has led to the centre-back considering his options and according to Marca, he is ready to link up with PSG when his contract expires in the summer.
It has been suggested that the Portuguese international is ready to sign a two-year deal in order to complete a move to the Parc des Princes.
Pepe was limited to just 15 starts in La Liga and the Champions League this season, while he was an unused substitute when Real defeated Juventus to successfully defend their European trophy on Saturday night.
Should a switch to PSG be made official, he will be looking to help the French giants reclaim the Ligue 1 title after they only finished as runners-up to AS Monaco this season.