Santos have confirmed that their highly-rated forward Neymar will remain at the Brazilian club until after the 2014 World Cup, after he agreed to a contract extension with a reported 50% increase in salary.
Neymar was linked to the cream amongst football clubs - Barcelona and Real Madrid - after some scintillating performances for Santos and Brazil. Premier League giants also attempted to lure him to England, during the summer transfer window, but the 19-year-old stayed back.
Santos president Luis Alvaro de Oliveira Ribeiro has now confirmed that the player had agreed an extension to his current contract, at a press conference on Wednesday.
It's great news for Santos and the player, and it will leave the Santos fans overjoyed, agent Wagner Ribeiro told Globoesporte.
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Reportedly, Neymar agreed to the contract extension after being given a 50% increase in his salary - the level he expected to earn had he moved to a top European club.