Rumours suggest that Real Madrid will pay £4M for Arbeloa who signed for the reds in January 2007 from Deportivo La Coruna.
Speaking to Marca, Arbeloa said:
“At present I am only focused on Liverpool, but it is true that (the deal) is nearly completed.
“As I understand, it seems everything is going well and there is little left to resolve.
“It could all be sorted out this week.”
Arbeloa is in the final year of his Liverpool contract and has refused to sign an extension.