Neymar has agreed a deal French media reported will earn him an annual salary of 30m euros
Brazil forward Neymar has signed a new contract with Paris Saint Germain that will keep him in the French capital until 2025, the Ligue 1 club said Saturday.
The 29-year old Neymar, who joined PSG in 2017 from Spanish club Barcelona for a record transfer fee of 222m euros ($270m), has agreed a deal French media reported will earn him an annual salary of 30m euros.
Neymar said he wanted to leave PSG in 2019 amid media reports he was keen on returning to Barca, but he stayed in Paris and helped PSG reach the Champions League final last season.
PSG have spent around 1.3bn euros on new players since being taken over by Qatar Sports Investments before the 2011-12 season and they have won seven of the last nine Ligue 1 titles.
In his first PSG news conference in two years last week, Neymar said was very happy at the club, hinting at a possible contract extension.
He was, however, unable to help the team reach a second successive Champions League final as PSG were knocked out in the semi-finals by Manchester City 4-1 on aggregate.
Neymar joined PSG from Barcelona in 2017 for a world record fee of 222 million euros ($269.26 million) but Spanish media have frequently linked the 28-year-old with a switch back to the Catalan sidePosted by Sports Tribune on Monday, 1 February 2021
Neymar's performances at PSG have been inconsistent, treating the fans to moments of brilliance but failing to shine in Champions League knockout games.
The Brazilian has scored 85 goals in 112 appearances for PSG, winning a host of trophies including three league titles.
PSG are also looking to extend Kylian Mbappe's deal as the 22-year old France striker's contract expires at the end of next season.
PSG are second in the Ligue 1 standing, four points behind leaders Lille ahead of their game in hand at Stade Rennais Sunday.
There will be two matches remaining this season after this weekend's matches.