The new deal will keep the 21-year-old at the club until the summer of 2015.
He told AS: “I am extremely pleased and excited as my dream was to sign with Mallorca and have to work to pay back that confidence in the field.
“I can have a long career and can sign more contracts with this club, that has given me everything. I am grateful to the owners of the club, and the coach, because he has relied a lot on me. If not for them, I would not be here.”