Neymar snubs Manchester United, PSG again; signs new five-year Barcelona contract

New Delhi: Brazilian superstar Neymar on Friday signed a new five-year contract with Barcelona after snubbing interests from other European giants like Manchester United and Paris Saint-Germain .

The new deal will keep the former Santos player at the Spanish champions until 2021. The 24-year-old has a buyout clause of £180m in the first year of his deal. But there are no reports how much Barca would be paying Neymar.

In a statement released by the club, the two parties have reached the agreement to extend the contract back in July. But the player put pen-to-paper only today.

@neymarjr extends his contract until 2021, in pictures.
FULL GALLERY: https://t.co/TXBW3mNJ8V
#Neymar2021pic.twitter.com/5I4J9EHqXk — FC Barcelona (@FCBarcelona) October 21, 2016

"Neymar Jr extended his deal with FC Barcelona on Friday afternoon, putting pen to paper on his contract at the club`s facilities in the presence of president Josep Maria Bartomeu," the club said on its website.

It's earlier reported that both United and PSG were keen to sign the Brazilian, and the player's agent Wagner Ribeiro even confirmed that a move to the French capital is possible.

In a Twitter post shared by the club, the Brazilian was seen shaking hands with Barca president Josep Maria Bartomeu after signing the contract.

We continue working to maintain sporting excellence. Congrats for renewing with Barça, @NeymarJr pic.twitter.com/JGCrgCXqLO — Josep Maria Bartomeu (@jmbartomeu) October 21, 2016

According to reports, under the new contract, any club wanting to buy Neymar would be required to pay £180m in the first year, then £196m in the second year, then £222m for the third year.

Neymar shakes hands with Barcelona president Josep Maria Bartomeu after signing a new deal.

At Barcelona, Neymar formed the dreaded trident which also includes Lionel Messi and Luis Suarez. The triumvirate is often described the possibly the greatest attacking front three in the history of football.

Since arriving from Santos in 2013, he has so far scored 91 times in 150 matches in all competitions for Barcelona. His move was however mired in controversy with investigations looking into the irregularities.