There is more time for negotiations and he may be open to more alternative offers. Xabi Alonso may keep him as a top priority player and give him more opportunities to get more goals out of him. I think Real Madrid officials will extend his contract again. The talented Brazilian star is very confident in his abilities and has been in charge for 7 years successfully and Real Madrid will try to keep him for a long time. 25-year-old this star will continue to play football for a long time and his physical fitness and performance are excellent. Considering Vinicius skills, the team management will make the right and responsible decision and encourage him to be more responsible.
There's still plenty of time because Vinicius still has a contract with Real Madrid, so it's not a worry if negotiations for a contract extension fail. If Xabi Alonso prioritizes Vinicius as an important player for the club, I'm confident he will extend his contract because he can get everything at Real Madrid, unless Vinicius tries to pressure the management for a salary increase. Vinicius' performance is still quite good, so there is no harm if Real Madrid management tries to secure his services because when his contract is almost over, other teams will certainly try to influence his transfer, especially those in the Saudi Arabian League who have a lot of money to pay the salary he wants.