Neymar Extends Barcelona Stay

Brazilian national team captain, Neymar Jnr has ended months of speculation surrounding his future with FC Barcelona by signing a new fiveyears extension with the Catalunya outfit taking his release clause increasing to €250 million.

Neymar has signed a new five-year contract with Barcelona that will keep him at the club until 2021.

The forward's release clause is pegged at €200 million which will increase to €222m next season and then move up to €250m for the remainder of his deal.

Barcelona president Josep Maria Bartomeu revealed at a press conference on Thursday that an agreement was close before the 24-year-old confirmed his intention to stay later in the day.

Neymar, who is set to join the Brazil U23 team for the Olympic Games in his native country next month, has consistently been linked with the likes of Manchester United and Paris Saint-Germain but has quash the speculations by putting pen to paper for the new deal.

A formal presentation of Neymar's new deal will take place on July 15 ahead of the player's Olympic commitments.

Neymar has scored 85 goals in 141 games since joining Barcelona in 2013, winning eight trophies - including La Liga twice and the Champions League once.