Vazquez’s current deal expires at the end of June and there had been suggestions that he was set for a move to the Premier League.
However, as reported by AS, Real have now offered Vazquez a new deal worth £84,000-a-week, which is a significant increase on his current wages of £60,000-a-week.
Real Madrid have offered Lucas Vazquez a new contract that is worth £84,000-a-week
Bayern Munich, Paris Saint-Germain and Everton have also been linked with Vazquez, but it now seems likely that he will stay at The Bernabeu.
Despite usually being a winger, Vazquez has often filled in at right-back for Real this season.
Zinedine Zidane is eager to keep Vazquez at Real after other clubs expressed interest in him
Despite usually being a winger, Vazquez has frequently filled in as a defender this season
Now aged 29, he joined Real as a youth player in 2007 and has proceeded to make 240 senior appearances for the club.
Vazquez has won the Champions League on three occasions and has also won two LaLiga titles.
Real are currently second in LaLiga, two points adrift of leaders Atletico Madrid.