The Balearic club have agreed to take over 70 per cent of Westerveld's contract, which expires next summer. If Mallorca then decide to sign the 29-year-old they will pay a nominal fee to Real.
Westerveld, a UEFA Cup winner with Liverpool FC, was a mainstay of the Real team that finished second to Real Madrid CF in the Spanish title race in 2002/03 and last season made six UEFA Champions League appearances. He was also in the Netherlands squad at UEFA EURO 2004™.
In other business, Mallorca have loaned defender Domingo Nagore to RC Celta de Vigo for a year, while Dutch striker Arnold Bruggink and defender Mario Álvarez have been released from their contracts. The latter player, part-owned by FC Barcelona, has rejoined Real Valladolid where he played from 2001-03.
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