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Isco has agreed to a new contract with Real Madrid, according to club president Florentino Perez.
The attacker has made a bright start to the season, and starred during the international break, scoring a brace for Spain in a 3-0 World Cup qualifying win over Italy.
"Isco arrived here when he was very young and all he has done is improve," Perez told Cadena SER.
"He is currently playing as we believed he would turn out.
"We will be announcing his contract renewal in the coming days, a renewal which is a done deal."
