Real Madrid has announced that the club has extended the contract of Brazilian winger Vinicius Jr. through the summer of 2029. The agreement also includes a €1.2 billion ($1.4 billion) release clause in the event that the player decides to leave the club.

The extension is significant for Real Madrid as it shows the club's commitment to retaining one of its most valuable players. Vinicius has been a key player for the club since his arrival from Benfica in 2019 and has helped the team win multiple La Liga titles and Champions League trophies.

The €1.2 billion release clause is a clear indication of the club's confidence in Vinicius and his ability to perform at the highest level. It will give Real Madrid the flexibility to sell him if they feel he is not performing up to their expectations or if the price tag is too high.

Vinicius has scored 58 goals and provided 77 assists in 166 appearances for Real Madrid, making him one of the most prolific attacking players in European football. He has also won numerous individual awards, including the FIFA World Player of the Year award in 2020.

The extension of Vinicius' contract is another example of how Real Madrid is investing in the future of its squad. With the club looking to continue its success in the coming years, it is important to retain key players like Vinicius who can help them achieve their goals.