Real Madrid have reportedly come to an agreement with Luka Modric over a new one-year deal.
The Croatian's existing contract at the Bernabeu is due to expire at the end of June, and there has been a host of speculation surrounding his future over the last few months.
The 35-year-old remains an important player for Los Blancos, though, scoring four times and contributing six assists in 40 appearances in all competitions during the 2020-21 campaign.
According to Marca, the two parties have now come to an agreement over a one-year deal, with Modric accepting a salary reduction due to the financial impact of the coronavirus outbreak.
The experienced midfielder has made 383 appearances for Madrid since arriving from Tottenham Hotspur in 2012, scoring 26 times and contributing 61 assists in the process.
The Croatia international has won 16 trophies during his time with Los Blancos, meanwhile, including two La Liga titles and four Champions League crowns.