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.
Thibaut Courtois must accept to undergo the recovery process from the injury he got while playing, Real Madrid will not be looking for a new goalkeeper because it seems that Real Madrid's financial condition is not good so when he buys a new goalkeeper it will worsen Real Madrid's finances, So far there are still Kepa Arrizabalaga, Andriy Lunin and Lucas Cañizares who might be able to replace the position of Real Madrid goalkeeper.
Let's see how Kepa at Real Madrid throughout this season, because if Kepa on the bench more often. Then, there seems to be no definite guarantee for Kepa to stay at Real Madrid. It seems, the experience that Kepa has also still does not guarantee Real Madrid is interested in playing Kepa in the main squad. Because so far, the fact is that Kepa has still not been played by Real Madrid, and Kepa has only been on the bench so far. Thus, if this season ends, it is certain that Kepa will return to Chelsea first. But yes, if then Real Madrid are still interested in signing him, then of course in the end Real Madrid will sign him too. But I think, a permanent transfer for Kepa is still not certain to happen.