Schalke 04 striker Raul has opted to stay at the Bundesliga club which had earlier been officially informed of Blackburn Rovers` interest in signing the Spaniard.
Blackburn Rovers are keen to sign Raul from Schalke 04 but the Bundesliga club say they want to keep the former Spain striker.
Raul marked his first match in Spain since leaving Real Madrid with a trademark poacher`s strike to rescue a 1-1 draw for Schalke 04 in their Champions League last-16, first leg in Valencia on Tuesday.
Spanish striker Raul scored a brace as struggling Bundesliga club Schalke 04 achieved only their second league victory of the season when they beat St Pauli 3-0.
Talismanic Real Madrid striker Raul, forced out of the Bernabeu after 16 record-breaking seasons, has signed for Schalke at the age of 33.
Former Real Madrid striker Raul has agreed to a two-year contract with Schalke 04, the Bundesliga club said on Wednesday.
Real Madrid`s talismanic striker Raul bid an emotional farewell to the La Liga club after 16 seasons and said he was eying a move to the Bundesliga or the English Premier League.
Real Madrid striker Raul damaged ankle ligaments in Saturday`s 2-1 La Liga win at Real Zaragoza and will miss the remainder of the season, the club said on their website on Monday.
Real Madrid captain Raul has backed a planned government tax hike for top-earning foreigners that has prompted a threat of strike action by Spain`s professional soccer league (LFP).
Real Madrid striker Raul equalled Gerd Mueller`s record of 66 goals in the three main European club competitions when he scored against AC Milan in the Champions League on Wednesday.
The Champions League`s two most successful teams resembled a pair of punch-drunk prize-fighters as AC Milan spoiled a big night for Raul by pulling off a surprise 3-2 victory at the Bernabeu.
Over the last 15 years world-class stars have come and gone at Real Madrid but local hero Raul has outlasted them all.
Striker Raul set a record for league appearances for Real Madrid, overtaking defender Manolo Sanchis, when he came on as a substitute in Wednesday`s 2-0 win at Villarreal, the Spanish club said.
Real Madrid coach Manuel Pellegrini has told AS that veteran striker Raul has an "admirable passion for football", and that he has an important role to play for Los Blancos this season.
Day in Pics: 21st September
Showbiz World - September 21, 2014
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