Isco has signed a new four-year deal at Real Madrid (Picture: gETTY)

Real Madrid have written a £637million release clause into Isco’s contract after the midfielder penned a new four-year deal with the club.

The Spanish international had less than 12 months to run on his existing deal at the Bernabeu and had been sensationally linked with a move to rivals Barcelona as well as Premier League giants Manchester United and Arsenal.

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However, according to AS, Isco has signed a new four-year deal with the option of a further year following his man of the match display against Manchester United in the Super Cup.

Real Madrid have conducted lengthy negotiations with the playmaker and AS claim they’ve inserted an astronomical €700m (£647m) release clause into the Spaniard’s new deal.

Isco was man of the match in the super cup (Picture: Getty)

Zinedine Zidane’s side are clearly wary having seen Neymar leave Barcelona for Paris Saint-Germain after the French club met the Brazilian’s £198m clause.

Isco replaced Gareth Bale in Madrid’s starting line-up last season and his new contract will fuel speculation that the Welshman is on his way out of the Bernabeu.

Bale maintains he’s happy to stay with Los Blancos but, with the possible arrival of Kylian Mbappe from Monaco, he could find himself further down the pecking order.

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