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Vinicius returned to the club for his first pre-season training session and medical assessment on Monday following his World Cup campaign with Brazil.
The forward is training under Jose Mourinho for the first time this week, with sources close to the Portuguese manager saying he is keen for the winger to commit his future to Real.
Vinicius also wants to remain at the Bernabeu but with his contract expiring next summer, Real risk losing him on a free transfer if no agreement is reached.
That has increased the urgency for the club to resolve his future before the end of the transfer window, with talks set to resume in earnest in the next few days.
There was a similar situation in 2023 when, with his previous contract entering its final year, Vinicius signed a new deal extending his stay until 2027.
Renewal talks have taken place over the past 18 months, but slowed because of disagreements over wages and status within the club.
The 26-year-old is believed to want recognition as Los Blancos' top star financially, especially after carrying the team for years before the arrival of Kylian Mbappe.
Real, however, are traditionally strict about maintaining their salary structure under president Florentino Perez, with Mbappe currently top of the club's high earners.
Despite this tension, Vinicius has described Real as "the club of my dreams" and said he hopes to remain there "for many years".
The club are hopeful of concluding talks this week. If a new contract can't be agreed - that's when Arsenal come in.

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