Edinson Cavani has signed a new five-year contract with Italian side Napoli, with the Manchester United and City target turning down £45 million offer to move to England, according to the Daily Mirror.
"With Edinson we met today and we have extended our relationship. Then he left for Uruguay after signing the new agreement with me," Napoli president Aurelio De Laurentiis told reporters.
“We are satisfied and I am personally pleased to have a champion in the team but especially a nice person.
“Edinson is a man who has great faith and great personality, an important element for a Napoli team that has plenty of personality.”
Cavani was a target for both Manchester United and Manchester City, with the Uruguayan starring for Napoli while on loan from Palermo over the last season.
Manchester City had reportedly tabled an offer for Cavani in the vicinity of £45 million in order to block United from making a bid. But both City and United have come up empty handed as the 24-year-old committed to his loan club on a permanent basis.
Manchester United are reportedly turning their attentions to finding a midfielder and goalkeeper in the summer, with David de Gea and Wesley Sneijder high on their transfer wish list.