Each Real Madrid player will receive a bonus of 1 million if they win the Club World Cup, Diario AS reports.
Real Madrid are currently in the quarter-final of the ongoing Club World Cup in the US.
The Los Blancos had eliminated Juventus from the Round of 16 stage a few days ago.
Xabi Alonsos side will face Borussia Dortmund in the last-8 this weekend for a place in the semi-final.
Recall that Dortmund defeated Monterrey 2-1 in their last-16 encounter.