Real Madrid has agreed a new deal with Marcelo, the club have confirmed.
The Brazil full-back has agreed to extend his contract until June 2022.
Marcelo, who joined Madrid from Fluminense in 2007, will appear at a press conference at the Bernabeu at 2pm CEST on Thursday.
A Real Madrid statement read: “Real Madrid C. F. and Marcelo have agreed to extend the player’s contract, which will see him remain at the club until 30 June 2022.
“Tomorrow, Thursday, at 2pm, Marcelo will appear before the media in the press room of the Santiago Bernabéu stadium.”
Marcelo has made 406 appearances for Madrid, scoring 28 goals.
During his time with the club, he has won the Champions League three times, La Liga four times and the Copa del Rey and Fifa Club World Cup twice.
He is suspended for Madrid’s next two La Liga games after his ban for being sent off for a kick at Jefferson Lerma in Saturday’s 1-1 draw at home to Levante was confirmed on Wednesday.
The left-back will be absent for Sunday’s trip to Real Sociedad and the visit of Real Betis on 20 September.