Otorbi's previous agreement ran until June 2028, with an extension available if he reached a specified first-team appearance threshold.
However, Valencia have reportedly activated the clause early, extending his contract until 2031 and increasing his release clause from €30m to €60m.
The new terms also include improved wages, although Valencia have yet to announce the agreement officially.
Otorbi became the youngest player to make a senior appearance for Valencia when he debuted in January 2024.
He has since progressed into the first-team picture, featuring in eight of the club's opening nine league matches this season.
Liverpool and Newcastle linked with winger
Liverpool have been linked with a move for Otorbi, while Newcastle have reportedly sent scouts to watch the Valencia academy graduate.
His agent, Nacho Gallart, recently confirmed receiving enquiries from several Premier League clubs.
However, he also indicated that Otorbi's immediate priority is continuing his development at Valencia rather than rushing a move abroad.
There is no independently confirmed formal bid from Liverpool.
The Reds already have a connection with Valencia through Harvey Elliott, who joined the Spanish club on loan in September.
Key Points
- Valencia have reportedly extended Otorbi's contract until 2031.
- His release clause is said to have increased from €30m to €60m.
- Liverpool and Newcastle have been linked with the winger.
- No formal Liverpool offer has been confirmed.
What's Next?
Valencia's official confirmation of the new contract terms is the next development to watch.
Any interested club would now face a substantially higher release clause, although a negotiated transfer remains possible.
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