MADRID: Real Madrid announced on Tuesday that defenders Sergio Ramos and Pepe have signed long-term contract extensions with the club.
“Sergio Ramos and Pepe have renewed their contracts with Real Madrid and are now tied to the club until 2017 and 2016 respectively”, read a brief statement on the Spanish side's official website.
No details were provided as to the value of the new deals, or as to the two players' release clauses.
The Madrid press first suggested that Brazilian-born, Portuguese international defender Pepe had agreed a new deal back in March which would earn him up to four million euros ($5.6 million) a year after tax.
Meanwhile, reports of a new deal for Ramos, taking his annual salary from three million euros to 4.5 million euros ($6.3 million) first appeared last December.
The 25 year-old had two years still to run on his previous deal, while Pepe's contract was due to expire next summer.