According to Cadena SER, Real Madrid is willing to increase its contract extension offer to Vinicius, and both parties are optimistic about an extension through 2031 following a recent meeting.

Real Madrid is willing to increase its contract extension offer to Vinicius. While the club has no intention of matching Mbappé's annual salary of €30 million, Real Madrid appears to have submitted an offer of €24 million, which seems to satisfy both parties. This comes after weeks of stalled negotiations, with both sides now having held a meeting that could influence the future of the Brazilian player. For the first time since negotiations began, both the player's representatives and the club have left a meeting with very positive feelings, and an extension through 2031 is expected.
On Cadena SER's program "El Larguero," Aritz Gabilondo discussed this topic. He acknowledged being very surprised by the significant shift in negotiations in just 24 hours: "Honestly, I don't understand it at all. I truly believe that if the situation has changed and now favors Vinicius's demands, then Vinicius is the winner here. This surprises me precisely because of what we said the day before—that Real Madrid held the upper hand at this stage of negotiations."
In recent days, Real Madrid has pushed to recruit Ian Diomande, and all indications suggest this may have been used as a clear statement to pressure Vinicius into making a quick decision. At that point, Real Madrid's offer was around €22 million, and it was believed Florentino and his team would stand firm. However, the situation now appears to have changed in Vinicius's favor. Gabilondo said: "If things have shifted in 24 hours toward what Vinicius wanted or closer to his demands, then in my view, Vinicius is now the winner."
Javier Herráez then concluded that Real Madrid has no other choice as time runs out. He stated: "In these types of contracts, it's almost always the player who wins. If you're in the final year of your contract and can negotiate with other clubs in three months, it's very difficult for a club to gain leverage. After two years of negotiations, Real Madrid cannot extend Vinicius's contract because the player and his representatives have played their cards well, and now Real Madrid has no other option."
Therefore, after two years of back-and-forth negotiations, Vinicius and his management team appear to have achieved their goal. Perhaps they didn't secure the €30 million figure, but both parties likely also discussed image rights percentages, which may have helped tip the scales in favor of an extension with Real Madrid.
So Aritz Gabilondo believes that if Vinicius ultimately completes his contract extension with Real Madrid, he will have plenty of reasons to celebrate: "If this extension is to be celebrated with champagne somewhere, it will be at Vinicius's home, with his closest people. There will be more celebration there than in Real Madrid's offices, and even more than in any Real Madrid fan's home, because some fans have even accepted the idea that he might leave."
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