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Kepa current status may be that he is a keeper on loan, but if we look at Courtouis condition, the injury is very fatal and the contract in Madrid will not be renewed automatically, in my opinion, Kepa has the potential to make it permanent in any way. Courtouis, Modric, and Kross both have contracts ending next year, so it makes sense that Ancelotti is gradually starting to prepare Madrid's foundations. Rodrygo. Because if the vacancy problem is resolved, Madrid has returned with a formation that can worry the opponent's defense.
I'm not interested in talking too much about Ancelotti's plans especially for next season, that's because there are rumors that Ancelotti will not renew his contract with Real Madrid after this season ends. Ancelotti will only be very focused on Real Madrid this season where he is responsible for win the title he lost last seasons.
Kepa's future is also still in the dark where it is possible to get him back to Chelsea after this season ends. Kepa really hopes that Real Madrid will agree to make his move permanent, but he has yet to make his debut. The future is there, but I can't be sure before seeing some of his performances this season.