Alphonso Davies will not be joining Real Madrid as a free agent this summer after agreeing a new four-and-a-half-year contract at Bayern Munich, multiple reports have confirmed.
Davies was into the last six months of his current Bayern contract and has been heavily pursued by a number of Europe's top sides.
Real Madrid have long been touted as the leading suitors for the Canada international, while there's been whispers of Premier League interest in the past.
Bayern appeared resigned to the idea of losing Davies at one stage, but as negotiations over an extended deal at the Allianz Arena continue, confidence grew that he might see his long-term future in Germany after all.
Reports last month suggested that an agreement was inching closer, and The Athletic have now confirmed that Davies has committed to a new four-and-a-half-year contract that ties him to Bayern until the summer of 2030.
With negotiations wrapped up, Bayern will now look to formalise Davies' new contract and bring a firm end to the prospect of losing the 24-year-old on a free transfer.
The news comes as a significant blow to Madrid, albeit not unexpected given the recent change in narrative. Los Blancos have started to accept defeat in pursuit of Davies recently and have their sights set on Liverpool right-back Trent Alexander-Arnold instead.
For Bayern, however, Madrid's threat may not be over just yet. They are among the sides chasing versatile midfielder Joshua Kimmich who, like Davies, is approaching the end of his current contract. Bayern sporting director Christoph Freund has offered public confidence that Kimmich will follow Davies in re-signing, but there appears to be more work to do to retain the Germany international.