Clear reasons why Vinicius has yet to renew his contract with Real Madrid

Vinicius Jr still hasn’t finalized a contract extension with Real Madrid, despite his contract lasting until 2027.

The future of Vinicius Jr at Real Madrid has become a major focus, as the Brazilian star has yet to agree on a contract extension while his current deal is valid until June 2027. This deadlock not only affects the club’s long-term plans but also raises questions about the player’s personal ambitions.

President Florentino Perez and the board have proposed a salary increase, raising Vinicius’s net earnings to around 25 million Euros per season, comparable to Mbappe and Bellingham. However, the player’s higher demands, including signing or renewal bonuses, have prevented both sides from reaching a consensus.

Meanwhile, Vinicius’s camp remains firm. According to sources from Okdiario, the player is in no rush, as prolonging negotiations strengthens his bargaining power. The latest talks at the Valdebebas training center, though somewhat more open, still show a roughly 15% gap between the demands and offers of both parties.

Experts believe the 2025/26 season is the final crucial opportunity for Real Madrid to convince Vinicius to sign or consider selling him. If no deal is reached by next summer, the club will lose negotiating leverage and risk losing the star without receiving a transfer fee.

Vinicius’s salary issue is not just about the numbers but also affects the wage cap policy that Real is striving to uphold. The management fears that breaking the pay structure could lead other stars to demand raises, causing financial instability.

Under coach Xabi Alonso, Vinicius has not been given the role many expected. He hasn’t played a full 90 minutes in any match this season and has been substituted 10 times. This has visibly frustrated the Brazilian star, especially after dropping to 16th place in the 2025 Ballon d’Or voting.

Off the pitch, the threat from Saudi Arabian clubs remains. International media have revealed offers worth 300–350 million Euros to acquire Vinicius. This prospect strengthens the player’s team’s confidence in applying pressure on Real Madrid.

Real Madrid insists they still prioritize keeping Vinicius but will not break the wage structure considered the “guiding principle” for the club’s stability. Without progress, summer 2026 may become a critical moment: either an extension or a forced sale.

In this context, Vinicius holds all the cards. He can choose to stay at Bernabeu with his desired terms or wait patiently to engineer a blockbuster transfer. The ball is in the Brazilian player’s court, and Real Madrid must await his final decision.