Barcelona forward Neymar signed a three-year contract extension on Friday, tying him to the Spanish champion until 2021.
Barcelona announced Neymar’s agreement to the terms of a new deal in July.
The new deal includes a buyout clause that increases from 200 million euros ($217 million) in its first year, to 220 million euros in the second year, to 250 million euros in the third year.
The 24-year-old Neymar joined Barcelona from Brazilian club Santos in 2013.
He has scored 91 goals in 150 matches, including six goals in nine matches this season.
Forming a dominant attacking trio with Lionel Messi and Luis Suarez, he has helped Barcelona win the Champions League, two Spanish leagues, two Copa del Rey trophies, and the Club World Cup.
“This is great news,” Barcelona coach Luis Enrique said. “Neymar has grown into one of the best players in the world.”