According to a recent ESPN story, Real Madrid sensation Vinicius Jr. is close to signing a new contract with Nike.
According to insiders, the arrangement might be finalized this month, and the new contract could propel the Brazilian international to the top of the North American sports brand.
After a short squabble, Nike and Adidas have reached an agreement.
The contract discussions between the two sides are now focused on a marketing initiative and the development of the 23-year-old Los Blancos ace rather than the financial component.
Fred Pena, the CEO of Roc Nation Sports Brazil, which represents Vinicius, is handling discussions with Nike on his behalf.
It should be noted that Vinicius and Nike had a spat around the end of 2022, with the Real Madrid star seriously contemplating ending the agreement.
Despite being sponsored by Nike from the age of 13, Vinicius believed that the terms of his contract did not appropriately reflect his newfound success.
On February 2, while playing in a La Liga match against Valencia, the Merengues winger painted his boots black to cover the mark.
However, it seems that the two sides have now repaired their relationship, and a new contract is nearing completion.
Vinicius signed his current ten-year contract with Nike in 2018, when he was 18 years old.
Vinicius, who is close to signing a new contract with Nike, just extended his contract with Real Madrid until 2027.
ESPN requested a remark from Nike, but the athletic goods behemoth has yet to respond.