Barcelona winger Cristian Tello has signed a contract extension until 2018, with the new deal including a €25 million buy-out clause which could rise to €35 million depending on appearances.
Negotiations between Barca and 21-year-old Tello have been ongoing throughout the summer, and on Thursday both parties reached an agreement.
"I am very happy to announce that I have extended my contract with Barca until 2018," Tello wrote on Twitter. "I will continue to give my all for this shirt."
Estoy muy feliz de anunciaros que he ampliado mi contrato con el Barça hasta 2018. Seguiré dándolo todo por esta cam… http://t.co/iMy1g2LRHJ— cristian tello (@ctello91) August 1, 2013
The Spain Under-21 international played 22 league games last season, scoring seven goals and contributing four assists.
The arrival of Neymar means even more competition in the squad, but Tello told a press conference earlier this summer that he was up for that challenge.
"I haven't wanted to even listen to offers from other clubs. All I want is to be a success here," he said.