By Alex Stevens

Isco has delivered a blow to Tottenham by agreeing the terms of a new Real Madrid contract, according to reports.

Spanish publication Marca claim the La Liga playmaker will imminently sign a five-year deal worth £98,000-a-week.

It is said the lucrative package will make the Spain international one of the top earners at Real, behind only Cristiano Ronaldo, Karim Benzema, Gareth Bale, Sergio Ramos, Toni Kroos and Luka Modric.

The deal has been on the table for the 25-year-old since Christmas and he has decided to commit after Isco’s father and representative Paco Alarcon met with Real officials last week.

Isco’s decision to stay at the 11-times European Cup winners brings to an end a lengthy contract saga during which he has been linked with some of the leading Premier League clubs.

Spanish outlet AS claimed last August that Real were prepared to let the attacking midfielder leave the club on loan in the final hours of the summer window.

It is said that Tottenham manager Mauricio Pochettino contacted Isco to personally convince him to make a move to White Hart Lane but the midfielder was doubtful about a switch to the Premier League.

The former Malaga player has made 35 appearances in all competitions for Real this season, scoring an impressive nine goals and supplying six assists.

But Isco has made only three appearances in the Champions League and was overlooked for a starting place in the Clasico thriller won 3-2 by Barcelona on Sunday.

In other Tottenham transfer news, the club have sensationally terminated the contract of one of their emerging stars.

We’ve launched a << BREAKING NEWS FEED>> exclusively for your club. ‘Like Us’ on Facebook by clicking here if you want 24/7 updates on all Tottenham breaking news.