Isco will end Manchester United and Tottenham’s hopes of signing him by formally agreeing a new deal at Real Madrid.
The attacking-midfielder has picked up where he left off at the end of last season, excelling at the Bernabeu for both club and country.
The Spanish international scored twice as La Roja romped to a 3-0 win against Italy at Real Madrid’s stadium.
And Isco has been rewarded with a new deal by the current La Liga and Champions League holders.
Madrid president Florentino Perez confirmed that the 25-year-old, who is under contract until 2018, has agreed an extension with an announcement to come in the upcoming days.
The Bernabeu chief told Cadena SER: “Isco arrived here when he was very young and all he has done is improve.
“He is currently playing as we believed he would turn out.
“We will be announcing his contract renewal in the coming days, a renewal which is a done deal.”
Both United and Spurs have held a long-term interest in the midfielder but any dreams of bringing him to England in the near future have now been ended.
Isco arrived at Madrid from Malaga in 2013.
He has gone on to establish himself as one of the key men at the Spanish giants over the course of his time in the capital.
The star has made over 30 appearances in each of his four seasons at the club.
During that time he has helped them to win numerous accolades.
Isco has won the Champions League three times, the domestic title, the Copa del Rey and both the Fifa Club World Cup (2014, 2016) and Uefa Super Cup (2014, 2016 and 2017).
He has 22 caps for Spain and has bagged six times for his country.
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