The Uruguayan midfielder has committed his future to the La Liga giants through to 2027
Federico Valverde has signed a contract extension at Real Madrid that includes a €1 billion (£856m/$1.2bn) release clause, Goal can confirm.
Valverde has spent the last six years of his career on Real's books, having initially been snapped up from Uruguayan outfit Penarol as a teenager in 2016.
The 23-year-old has established himself as a key member of the Blancos' squad during that period, and he has now been handed a bumper new deal that will see him remain at Santiago Bernabeu for the foreseeable future.