The forward, 35, has been heavily linked this week with a lucrative move to Saudi Arabia.
The announcement comes after Madrid coach Carlo Ancelotti had said Saturday there was “no doubt” about Benzema’s future being at Madrid, noting the forward had one more year left on his contract.Benzema has lifted a record 25 trophies with Madrid, including five Champions Leagues, four La Liga titles and three Copa del Rey titles, and is the current holder of the Ballon d’Or for the world’s best player.He is Real Madrid’s second top scorer of all-time, with 353 goals for Madrid, behind only Ronaldo on 450.