Madrid, Aug 13 (IANS): Spanish football giants Real Madrid have reached an agreement to renew the contract of team captain Sergio Ramos until 2020.

The deal will be announced next Monday at the Santiago Bernabeu, club officials told EFE on Wednesday.

During the team's Asia tour, Real president Florentino Perez resolved the renewal issue with the Spanish international, while Rene Ramos, the brother and agent of the Real Madrid right back, successfully found common ground with Real general manager Jose Angel Sanchez in Madrid on Wednesday.

The officials noted that Ramos' salary would come in around nine million euros (nearly $10 million) per season, in addition to remunerations for goals scored and titles won.

The thorny renewal issue with Ramos started after the 2014 FIFA Club World Cup, and while it quieted down for a time, it recently regained its potency.

Reports speculated that Manchester United were pursuing the Spaniard, while some saw such rumours as an attempt by Ramos to pressure Real to pay his desired salary.