Barcelona have confirmed that Neymar has signed a contract extension with the club, keeping him there until 2021.
Speculation has been rife about the Brazilian international’s future this summer, with some of the biggest clubs in Europe monitoring his situation at the Nou Camp closely.
However, both he and the Catalan giants have now ended talk of an exit, having agreed on terms for a new five-year deal.
In an official statement on the club’s website, it is also confirmed that his release clause has been fixed at €200m for the first year of his contract, and rises to €222m in the second year and €250m for the remaining three years.
As a result, it will likely become more and more difficult for any interested parties to sign the 24-year-old the deeper he gets into his new deal.
Nevertheless, after scoring 31 goals and providing 27 assists in 49 appearances in all competitions last season, Neymar will now be focused on helping Brazil at the Rio Olympics next month, before returning to Spain and continuing to make history with Barca.
Having formed an important part of the formidable attacking trident that also includes Luis Suarez and Lionel Messi, the club will be looking to build on their domestic double from this past season and continue to win a plethora of trophies moving forward.
Neymar was criticised during a period of last season as his form dipped and coincided with Barca slipping up, but he’ll hope to be a crucial part of their continued success in the coming years having now sorted out his future.
[OFFICIAL ANNOUNCEMENT] @NeymarJr will continue at @FCBarcelona until 2021 #Neymar2021 https://t.co/kuQEY9CDiE pic.twitter.com/ASxjzWZfAa
— FC Barcelona (@FCBarcelona) July 1, 2016