Marco Asensio has signed a new deal with Real Madrid that includes a release clause of €500m, following numerous reports of interest from Barcelona and the Premier League.
The 21-year-old burst on to the scene last season for Madrid, helping them to a La Liga and Champions League title and his form continued into the summer with the Spanish U21 side.
Having signed from Mallorca back in December 2014, the winger was then involved in a tug of war between Madrid and bitter rivals Barca.
Barca failed to pay his €4.5m release clause up front and therefore a move to Madrid materialised.
Having spent time on loan with Mallorca, Asensio got his chance when Zinedine Zidane took over at Madrid, seeing him develop alongside Cristiano Ronaldo.
Having had further interest from Barca this summer and Premier League sides Liverpool and Chelsea – Madrid have been quick to tie the Spaniard down to a new deal.
Asensio will now remain at the Bernabeu until 2023 and will not be allowed to leave for anything less than €500m.
“Real Madrid CF and Asensio have agreed an extension to the player’s contract, binding him to the club until the 30th of June 2023,” the club confirmed last week.
Asensio follows in the footsteps of Raphael Varane, Karim Benzema, Marcos Llorente, Isco, Dani Carvajal and Marcelo, who have all inked new contracts in recent days.