BREAKING NEWS: Isco signs new Real Madrid contract

Updated: 

Real Madrid have announced that Isco has signed a new five-year contract, keeping him at the Santiago Bernabeu until June 2022.

The 25-year-old is set to earn EUR6million per season and has a staggering EUR700m release clause, according to reports in Spain.

A number of teams, including Barcelona and Bayern Munich, were linked with a move for the Spain international as he entered the final year of his deal.

However, an impressive run of form in the first team towards the end of 2016-17 saw the playmaker cement his place in the plans of head coach Zinedine Zidane and earn a renewal.