Real Madrid president insists Guti will soon sign his new contract.

Guti has agreed terms over a new three-year deal, which will also include a clause in the final year that it will continue to be renewed for 12 months depending on the completion of a set number of games.

"Guti will renew for life with Real Madrid very soon, what's happened is that he is lazy and we have not had time to sign the contract, but I've agreed it with him and it is closed," assured Calderon.