Arsenal and Chelsea have been handed a bitter blow to their transfer plans after Paco Alcacer penned a new deal with Valencia.
The Spanish international, aged 21, had previously been tipped for a Premier League move, however he has decided to remain in his homeland, having put pen to paper on a new five-year deal at the Mestalla.
And following the news, he revealed his delight about signing his extension.
“I am delighted and proud to be continuing at Valencia CF for five more seasons,” Alcacer stated.
“I want to thank the club for the confidence in me that they are showing. What I have to do now is pay them back by scoring goals and giving everything that I have to help the team.
“The only thing that I can say to the fans is ‘thank you’.
“I thank you all for the support that I receive, on good days and bad days, and for the way you get behind the entire team.
“I am going to continue working, in order to become a better player and to take Valencia CF back to where the club belong.
“The target for Valencia is to get back into Europe. The Champions League is the main objective and I personally want to play an important role for the team.”
by Ben Reardon