Isco has signed a new three-year contract extension with Malaga.

The winger is a top target for Chelsea and Manchester City.

"It's a big step for me and for Malaga," said Isco. "I'm grateful because they brought me to the city.

"I have trust in this team and I think we will continue improving this year, and that's good for me and for the club.

"I'm happy to have renewed. What happens in the future, nobody knows. Nobody has contacted me, these are rumours and run every day. It isn't time to talk about it now."