The young centre-forward is coming off a superb Club World Cup campaign this summer.
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AS says Real management are now seeking to tie down Gonzalo to a new long-term deal.
A full agreement is already in place with Gonzalo's management team, Best of You, with the new contract to run to 2030 and his buyout clause jumping from €50m to €1bn.
The 23-year-old Spanish striker has already made his mark: five goals in his first ten matches with the first team, equaling Emilio Butragueño's tally and just one goal shy of the legendary Raúl.
