FC Barcelona have officially announced that Neymar and the club have finally reached an agreement that there will be contract renewal that will keep Neymar in the club till June 30, 2021. The Brazilian will witness a slight increase in salary and a major increase in his release clause.
In the first year of his new agreement with the club, his buyout clause is set at 200 million euros, second year is 220 million euros and the last three years is 250 million euros. On July 15 before the Olympic games that will be in his homeland kicks off, Neymar will be in Barcelona to seal the deal.
After that, the 24 years old will join the Brazilian squad for the Olympics.