Karim Benzema has signed a new four-year contract extension with Real Madrid which sees him commit his future to the club until 2022.
Benzema, who has scored more than 170 goals for the Spanish champions since joining from Lyon in 2009, will sign a new contract worth a reported €7.5million a year.
According to reports in Spanish publication AS, the striker will now be subject to a €1billion release clause.
His current contract had been due to expire in 2019 but Benzema will follow in the footsteps of Isco and Dani Carvajal in committing to an extended stay.
In a statement released by Madrid on Wednesday, the club revealed that the Frenchman will be paraded in front of the media at a press conference on Thursday afternoon.
The 29-year-old, who has won 14 trophies during his time, including 3 Champions League trophies with Real, will now remain with Los Blancos beyond his 33rd birthday.
Earlier this week, Benzema spoke of his intention to stay at the Bernabeu.
He told BeIn Sports France: ‘I am proud play for the best club in the world. Expectations are always high and we always need to work hard to keep up to the highest levels.
‘I’m a team leader, I have no reason to think about leaving. We are at one of the highest moments in Real Madrid’s history: the team is strong.’
The 29-year-old has not played for France since October 2015 after initially being suspended by the French Football Federation (FFF) because of his reported involvement in the alleged extortion case of France teammate Mathieu Valbuena.
He has not given up hope of playing for Les Bleus again, saying: “I’m a competitor and I like it when I’m called up to the national team.
“When my teammates go to their respective national teams and I stay, it’s tough. I always think I will return. You can never give up. But it’s not an obsession.”