MADRID : Real Madrid's Uruguay midfielder Federico Valverde has signed a contract extension to 2027, the Spanish club said on Tuesday.
No financial details were given in Real's statement https://www.realmadrid.com/en/news/2021/08/24/valverde-signs-contract-renewal-until-2027 but media reports said the 23-year-old's new contract contained a 1 billion euro (US$1.18 billion) release clause.
Valverde, who was already tied to the club until 2025, joined Real from Penarol in 2016.
He is the latest in a line of key Real players to agree extended contracts, with France forward Karim Benzema last week signing a new deal to 2023.
(US$1 = 0.8507 euros)
(Reporting by Alan Baldwin; Editing by Ken Ferris)