The Morocco international is in the second season of a two-year loan at Dortmund and has impressed in the Bundesliga.
A report by Marca had suggested that Hakimi had put pen to paper over a new contract at the Bernabeu that would keep him at the club until 2023, but his agent,
"There is no basis at all [for such stories]," Achraf's agent Alejandro Camano told Goal.
Achraf Hakimi's agent, Camano: "There is no basis at all (Reports Hakimi has already renewed). His contract is still the same as the one negotiated in 2017 (Expires in 2022). We have to wait. After this misery (coronavirus) we will sit together with Real Madrid & BVB." pic.twitter.com/Xwhs319aSp— Real Madrid News (@onlyrmcfnews) April 4, 2020
"His contract at Real Madrid is still the same one we negotiated in 2017, which runs until 2022. We have to wait. After this misery [the coronavirus pandemic] we will sit together with Real Madrid and Borussia Dortmund."
The 21-year-old has impressed during his two-year loan spell with the Bundesliga title hopefuls and is a regular fixture in Lucien Favre's starting line-up.
Hakimi also scored four goals in eight Champions League appearances for Dortmund, with his form having reportedly attracted interest from the likes of Bayern Munich, Juventus, Arsenal, and Paris Saint-Germain.
Back in March, Hakimi expressed his desire to go back to Madrid once again