Real Madrid captain Luka Modric has inked a new one-year deal, securing his stay at the Santiago Bernabeu for the upcoming season, the European champions announced on Wednesday.

The 38-year-old midfielder's contract now extends until June 30, 2025.

Modric has won six Champions League titles, four La Liga titles and lifted the Copa del Rey twice with Real Madrid.

He has only started 37 times across the last two league seasons but remains a key player for coach Carlo Ancelotti, having helped Los Blancos to a Champions League-La Liga double last term.

Modric became the oldest goal scorer in European Championship history last month when he netted for Croatia against Italy at Euro 2024, although he could not prevent the 2018 World Cup runners-up from suffering a group-stage exit.

"I'd like to keep playing forever, but there will probably be a time I'll have to hang up my boots," Modric said after the agonizing 1-1 draw with Italy, which put Croatia out.

"I'll keep playing on; I don't know for how much longer."

The news of Modric's extension comes the day after new star signing Kylian Mbappe was presented to Madrid fans following his move from Paris Saint-Germain.

Madrid will kick off their league title defense at Real Mallorca on Sunday, Aug. 18.