News on whether he's leaving Madrid is inconclusive, but close to be true due to Rodrigo's stats, this season, not convincing for Madrid to keep him. Having scored 13 goals and 7 assists this season, which includes 6 goals and 5 assist in la Liga, then 5 goals and 2 assists in champion league, and 2 goals in supercopa, he stand a lesser chance in the club as they deemed his stat to be low. But his contract is active, and should be ending around 2028, yet nobody is sure of his next moves.
Vinicius Jr. has a contract extension and we know that Real Madrid is thinking about him for a long time. However, there has been no contract extension for Rodrygo. I expect him to leave the team probably at the end of this year or next year. I even think that his next stop will be the Premier League. Antony found himself in the Spanish League and showed his quality, maybe another Brazilian, Rodrygo, will find himself in the Premier League. I think it makes sense for him to make this transfer.
Between Rodrygo and Vini, the first named is likely to leave, he wants to play on the left, but has a tight opportunity of reaching such an intention. However, Arsenal is also a strong suitor, and Rodrygo is a kind that could shine with the gunners. But if the whites wants to generate more money, they'll sell Vini and leave Rodrygo to stay, as his release clause is somewhere around £85million, which won't come close to the kind of money Vinicious would attract if he's sold to the middle east at an amount that exceeds €400m.