Real Madrid and German sportswear giant Adidas are to sign a world record renewal of their kit supply deal, according to Spanish sports newspaper Marca, reports, www.sportspromedia.com/.

The ten-time European champions will agree a ten-year extension worth an annual €140 million (US$152 million) a year, eclipsing the value of the contract signed by Adidas and English club Manchester United in July 2014, which came into effect this season.

Real are reported not to have entered discussions with any other brands as Adidas had first refusal.

Last year Adidas, which has supplied Real Madrid's matchday and training wear since 1998, also renewed with German champions Bayern Munich until 2030 in a €900 million (US$990 million) deal.