Barcelona’s Brazilian international, Neymar, has signed a five-year contract extension at the Nou Camp, which will run until June 2021.
The 24-year-old enjoyed a fine campaign at club level for the Catalan side last season, helping them to a Spanish La Liga championship title.
His management agency, NN Consultoria, confirmed on Thursday that the player was set to extend his stay by releasing a statement.
“The athlete, along with his family, has decided to stay with FC Barcelona and will renew his contract for five more years,” the statement said. “The contract will be formalised this week. The decision puts an end to speculation about the star’s future.”
Neymar concluded his third season in Barcelona colours with 31 goals to his name, as he continued a feared partnership with fellow forwards, Lionel Messi and Luis Suarez, with the trio scoring over 100 goals in the double winning term.
His new contract will have a £161m release clause, should any top European club side want to pursue a transfer.
Spanish media had earlier claimed that Manchester United had previously wanted to sign Neymar, who missed the Copa America in favour of competing for Brazil at the Olympic games in Rio De Janeiro in August.