Santos have reached an agreement with Neymar over a new deal after club president Marcelo Teixeira met the player's father on Tuesday to finalise the terms of the extension. Neymar's previous current contract with Santos was set to expire on June 30.
Club president Marcelo Teixeira said: "This is a historic and significant day for Brazilian football, a gift for the fans of Santos FC. Our idol, our boy, the prince wearing our number 10 jersey remains. This is a very important moment in this rebuilding process and we needed Neymar, both on and off the field. The phrase 'I'm going, I'm coming back, I'm staying' is emblematic and fundamental for the repositioning of Santos FC to its rightful place."
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