According to reports in Marca, Real Madrid have renewed the contract of 20-year-old forward Peter Federico until the summer of 2025.
All parties were pleased with the outcome of the negotiations, which were significantly impacted by the high level of interest in the striker, and the agreement was signed on Tuesday.
His previous contract ran until the summer of 2024 and while his release clause from that deal, €50m, has stayed the same, he has earned a considerable pay rise to make him a leader with Castilla.
Teams in Spain including Getafe, Celta Vigo, Osasuna, and Espanyol showed interest in him and had inquired about the player’s situation.
If he fulfills his contract, Federico, who arrived at La Fabrica in 2015, will have been with the club for 10 years.
A versatile forward
The winger has shown impressive form for the Castilla side in recent times, compelling Real Madrid to offer him a first-team debut at San Mames. The 20-year-old has scored two goals with two assist in the UEFA Youth League last season across six appearances, which shows that the winger has end product – not just skill and speed.
In all, Peter has made 69 appearances for Real Madrid across age groups, scoring seven times and assisting ten goals. A winger by trade, the 20-year-old can play on either flank but prefers the right wing. He can also double up as a second striker.