Marco Asensio has extended his contract with Real Madrid until 2023.

Asensio's deal will contain a buyout clause of €700 million though that figure could be revised in the future.

Asensio becomes the latest Real Madrid player to extend his contract since the summer, following Marcelo (2022), Isco (2022), Karim Benzema (2021), Dani Carvajal (2021), and Marcos Llorente (2021), and Raphael Varane (2022).