Manchester United winger Antonio Valencia has agreed to a new contract with the club spanning four years, with the Ecuador international committing his long term future to Old Trafford.
United have confirmed that Valencia will be with the club for at least another four years, which will keep the star at the club until the end of the 2014/15 season.
"I am delighted to stay at United. Since my first day at Carrington, I have been happy here. I hope that I can continue to develop as a player,” Valencia told the official Manchester United website.
"I am looking forward to making my contribution to helping this squad compete for more trophies."
Sir Alex Ferguson was quick to add his praise to the former Wigan Athletic star, and is looking to get even more out of the consistent winger.
"Antonio has made a fantastic contribution since his arrival. His speed, crossing ability and versatility have been a big asset for us," the manager told the official website.
"He has a quiet, unassuming way of going about his business, which is underlined by great strength of character – as his recovery from such a bad injury last season proves."
On Friday chief executive David Gill revealed that a deal was close to being finalised with Valencia, telling reporters: "He has [agreed a new deal] and we are in the process of finalising that.
"He has been away at the Copa America and we've been away here, but that's broadly sorted out. That should be announced next week."
Valencia moved to United in 2009 from Wigan, and has made 69 appearance for the club since.
The club will now no doubt be looking at extending Javier Hernandez's contract, which Gill revealed is a top priority this autumn.