Neymar is demanding a massive new contract to stay with Santos.

Brazilian media sources say Real Madrid are now a step closer to landing Neymar next summer for €60 million after the latest developments.

Neymar is understood to have demanded from Santos president Alvaro Luiz Ribeiro a new contract worth $1.5 million a month and also 100 per cent revenue from his image rights.

The latest demand is seen as a tipping point for Santos, which have banked on Neymar's huge profile to cover his wages through merchandise sales.