The 19-year-old has contributed four goals and six assists in 13 appearances in Ligue 1 and has been assessed positively by the Bernabéu hierarchy, who view the loan as a successful development period despite some pointed criticism from Lyon coach Paulo Fonseca at various points during the campaign.
Tuttomercatoweb reports that Real Madrid's plan is to reintegrate Endrick into the first team from the start of pre-season under whoever succeeds Álvaro Arbeloa. The preference is for him to now compete for regular minutes rather than go on another loan.
However, an alternative scenario cannot be ruled out. Real Madrid's ongoing structural investment — most prominently the renovation of the Bernabéu — has created financial pressure that could prompt the club to consider significant offers for players with resale value.
Arsenal's interest has been noted internally, with the club understood to be prepared to move quickly if any opening emerges.
Endrick himself was measured when asked about his future recently.
"I don't know what will happen. If I have to return to Real Madrid, I'll do so happily. If there's another destination, I'll go there. Right now I'm only thinking about finishing the season well here and taking Lyon into the Champions League."