Barcelona winger Neymar has agreed a new five-year contract with his current club, that will see him stay in Spain until 2021.
Before he accepted a new deal it was rumoured that Manchester United were among those chasing the Brazilian and were keen to bring him to Old Trafford this summer. However, Barcelona president Josep Bartomeu confirmed that Neymar had every intention to stay with the Spanish giants, and will now tie his man down with a new contract in the coming days.
European football journalist Graham Hunter has revealed some details about Neymar's contract on Twitter this afternoon (scroll down to see).
SUBMIT AN ARTICLE
Apply to become a GMS writer by signing up and submitting a 250 word test article: https://gms.to/haveyoursay5
Arguably the most important part of the 24-year-old's new contract is the buyout clause. Any club wishing to purchase Neymar after he signs his new contract will now have to pay €200 million (£167m).
When the player is in the second year of his deal, the fee will rise to €220 million (£186m). From there after, clubs will have to pay an incredible €250 million (£209m) to trigger Neymar's release clause.
Signing his new contract will cement the Brazilian as one of the world's most valuable players ever. It's likely the club set his release clause so high to fend off growing interest from a number of other elite European clubs. Both Paris Saint-Germain and Man United were both rumoured to have wanted the winger's signature this summer. But this new deal will almost certainly kill off any chance of Neymar leaving Barcelona.
Since moving to the Catalan side from Santos in 2013, he's scored 55 goals from 93 league games and won every major European honour on offer. The Brazilian will be expected to bring another five years of success to Barcelona after agreeing his new deal.