The 24-year-old has a release clause of €200 million in his contract, which will increase to €222million next year. And will increase to €250 million till his contract expires.
The Barcelona player ended speculation over a summer move after stating his intent to stay at the club, following a press conference from Bartomeu confirming he’ll be signing an extension. He was expected to join the likes of Manchester United and PSG in the summer.
A formal presentation of Neymar’s new deal will take place on July 15 ahead of the player’s Olympic Games 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.