MADRID - Real Madrid's Portuguese international Pepe has agreed on a contract extension until June 2015, sports daily Marca reports
Pepe, 28, joined Real from Oporto in 2007 for ß30million (R298million) after helping the Portuguese side win back-to-back league titles.
The defender's current contract with Real ends in June 2012.
Under the new deal Brazilian-born Pepe will earn around ß4million euros annually, up from ß1,8million, according to Marca.