Lewandowski appeared determined to leave Bayern Munich at the end of last season, with Real in his sights.
His agent Pini Zahavi said in May: “Robert feels as if he needs a change and a new challenge in his career. Bayern’s bosses have been informed.”
But in a shock revelation coming out of Germany tonight it appears as though the Poland international will now not move on.
According to Bild, Lewandowski has changed his mind while on a beach holiday following Poland’s outing at the World Cup.
It is claimed the 29-year-old is now ready to commit to Bayern ahead of the new Bundesliga campaign.
His decision will come as a major blow to Real Madrid, who have trailed Lewandowski for years trying to prise him out of Germany.
Real Madrid are searching for a new centre-forward this summer with the likelihood that Cristiano Ronaldo will leave for Juventus.
Ronaldo is expected to sign a four-year contract at Juve worth £106m, and cost the Turin side £88m in transfer fees.
Real president Florentino Perez will be tasked with reinvesting the cash generated from Ronaldo’s sale to find another 30-goal-a-season striker.
Lewandowski scored 41 goals for Bayern last season but failed to net in the World Cup as Poland crashed out in the group stage.
As for Real, it appears as though Neymar and Harry Kane are the frontrunners to replace Ronaldo at the Bernabeu.
However, Neymar could cost too much to prise out of PSG, while Tottenham will hold up resistance to any offer for their star man Kane.