Real Madrid has secured a €10 million sponsorship deal with a new partner, according to reports in the Spanish media.

The agreement is said to be one of the largest ever made by the Spanish football club and will see the team receive financial support from the new sponsor for the next five years.

The identity of the new partner has not been disclosed but it is understood that they have a strong track record in the sports industry and will bring a wealth of experience to Real Madrid's ongoing efforts to improve their on-field performance.

The announcement comes after a period of uncertainty for Real Madrid following the departure of former president Florentino Perez, who had overseen several high-profile departures including Cristiano Ronaldo and Sergio Ramos.

The new partnership is seen as a sign of stability for the club and a move towards building a sustainable future for the club.

With the deal being worth €10 million over five years, it is likely to have a significant impact on the club's finances and will help to fund further investment in the squad.

Overall, the new partnership is a positive development for Real Madrid and could potentially lead to further success on the pitch in the coming years.