Reports in Spain had suggested PSG have been pestering the Vinicius Jnr not to renew his contract at the Bernabeu for the past seven months and had offered the 21-year-old a £34.3million-a-year salary.
A glorious season at Madrid which ended with a Champions League title and Spanish League crown in which he also scored 22 goals, supplied 20 assists will apparently motivate him to commit to a new long-term contract.
He told SporTV: 'I will continue in the biggest club in the world.
'This is just the beginning. I have many things to conquer. I hope to have many trophies at the end of my career.
'It's normal with age [to take time to develop]. I skipped many steps in training. I became a professional when I was 16 years old and still not fully formed.
'Real represented a huge amount of pressure, but I had the help of [Karim] Benzema, Marcelo and Casemiro, who are very experienced players.
'I have always been evolving. This season was good, so i hope the next one will be better.'
His current contract runs until 2024 and Vinicius is still one of the lowest-paid in the squad but this will be increased in his new deal, through until 2026 or 2027, to reflect his growing influence.