Memphis Depay signs new contract with PSV Eindhoven

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Netherlands international winger Memphis Depay has finally put speculation over a summer transfer to bed by signing a new four-year contract with PSV Eindhoven.

Depay has been consistently linked with Manchester United, Tottenham Hotspur and Juventus thanks to a fine run of form at club and international level, leading to claims in some quarters that PSV have unearthed the 'new Cristiano Ronaldo'.

The 20-year-old will struggle to play down those comparisons if his development continues at its current rapid rate, but now he's only focused on improving with PSV and was clearly delighted to put pen to paper on fresh terms earlier today.

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Year-long negotiations

PSV revealed in an official statement on the Depay deal this evening that they've been in talks with the pacy youngster over a new contract for more than 12 months.

Depay's encouaging performances at the World Cup probably didn't help matters, but protracted negotiations have proved to be worth the trouble and given PSV a massive boost in their bid to end the domestic dominance enjoyed by bitter rivals Ajax.

For his part Depay was at pains to insist the club's ambition was a key factor in his decision to sign on until 2018, stating: "I'd like to develop myself in this team, which last season showed we are on a path to success.

"I want to play for the prizes and make myself more important for the team. I am pleased that we have reached a deal to open and extend."

Scouts will keep coming after fantastic start to the season

New Man United manager Louis van Gaal will almost certainly continue to keep tabs on Depay despite today's transfer setback for both the Red Devils and Spurs, thanks to his tremendous start to the season.

Depay has bagged a brace in each of PSV's first two Eredivise games and is on five goals for the season in all competitions after just four matches, a very impressive strike rate indeed.

Expect Europe's top clubs to monitor Depay's progress very closely, but thanks to PSV's contract breakthrough this exciting starlet will only be available at a premium price and certainly not in the current transfer window.

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