Brazilian forward Neymar has signed a new deal at Santos.
The length of the 19-year-old's contract, which runs until 2015, has not been affected. However, the player will receive a significant pay rise and an increase in his buy-out clause.
"Neymar is happy to be able to remain with Santos until at least 2014, after that he will decide where to go," Neymar's agent Wagner Ribeiro told Lance.
The player has been linked with moves to Barcelona and Real Madrid.
Written by
Jack Prescott
Jack Prescott
