Diagonal movement speed is faster, using an acceleration and friction movement system [duplicate]

I have made a top-down movement system in pygame, including acceleration and friction (the red square is the player):

import pygame
pygame.init()
running = True

x = 0
y = 0
speed = 3
friction = 10
clock = pygame.time.Clock()
FPS = 60

screen = pygame.display.set_mode((800, 650))
screen_rect = screen.get_rect()
player = pygame.Rect(25, 25, 50, 50)
player.center = (400, 325)

while running:
    deltatime = clock.tick(60) * 0.001 * FPS
    
    screen.fill((0,0,0))
    pygame.draw.rect(screen, (255,0,0), player)
    
    key = pygame.key.get_pressed()
    if key[pygame.K_a] or key[pygame.K_LEFT] == True:
        x -= speed
    if key[pygame.K_d] or key[pygame.K_RIGHT] == True:
        x += speed
    if key[pygame.K_w] or key[pygame.K_UP] == True:
        y -= speed
    if key[pygame.K_s] or key[pygame.K_DOWN] == True:
        y += speed
    x = ((100 - friction) / 100) * x
    y = ((100 - friction) / 100) * y
    player.move_ip(x / 2, y / 2)
    player.clamp_ip(screen_rect)
    
    for event in pygame.event.get():
        if event.type == pygame.QUIT:
            running = False
    
    pygame.display.flip()

pygame.quit()

When the player travels in one direction normally, the movement is fine. However, whenever it moves diagonally, it goes faster. Is there any way to fix this while keeping the acceleration and friction movement system the same?