Real Madrid have reportedly offered a bumper new contract to Isco, which would see him earn €36m over six years.
According to Marca, Madrid hope they can keep Isco by tripling his wages and committing themselves to the player until he is at least 32.
The newspaper explains the proposal has been in the pipelines for some time, although the midfielder will not make a decision on his future until the summer.
The 24-year-old, who scored for Spain in their 4-1 win against Israel on Friday, is thought to have no shortage of admirers from the Premier League – and Barcelona.
Despite making 179 appearances for Los Blancos since his €30m arrival from Malaga in 2013, he has yet to establish himself as a starter, with the player believing he has “the necessary quality to play a bigger role”.
However, Marca acknowledges his “crucial roles” in Los Blancos’ last two Champions League finals and “dream” of being a regular under Zinedine Zidane.