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After months of nonstop speculation, Barcelona will finally confirm Neymar’s new five-year deal in the next few days after coming to an agreement, reveals Barcelona’s president.

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The Brazilian international is only half-way through his six-year contract at the Nou Camp, after reaching the third year in the contract a renegotiation clause has been triggered.

Barcelona have always been deemed to be confident in Neymar staying, and the club will be relieved he rejected interest from Real Madrid, Manchester United and Paris Saint-Germain to sign a new Barcelona deal, which should be announced in the coming days.

The Brazilian skipper was brought by the Catalan giants in 2013 costing the club around £48.6 million. His rise has been phenomenal and is now sought as one of Europe’s best players. Neymar has enjoyed the opening three years in his Barcelona career and has scored 55 goals in 93 appearances.

One of the brightest talents in world football is now a key player in the Brazilian national squad and has been a part of the derail of being the world’s best team; he will now be a part of the rebuild and has already played 70 games scoring 46 goals.

When the Barcelona forward signed his first contract with Barcelona there was a renegotiation clause included, which has since been activated. After extensive negotiations with the 24-year-old, he has now agreed to sign on for a further five seasons when Barca’s new financial year begins on July 1.

Barcelona president Josep Bartomeu had hoped to tie Neymar down on an improved contract in the winter which would have raised his release clause to a significant amount and stopped any speculation. Barcelona surprisingly found themselves in financial difficulties after paying out a glut of performance-related bonuses in the wake of last year’s treble, which meant they had to hold off renewing Neymar’s contract.

Without tying Neymar down on a new deal, this meant the release clause which was set from when he first signed in 2013 was still active. His abilities attracted interest from three of the richest clubs in world football and all seemed keen to activate his €190 million release clause.

But, after finally agreeing terms on a new deal going into the new financial year, Neymar rejected any interest and has instead decided to extent his Barcelona contract, Bartomeu revealed.

“Neymar doesn’t want to leave Barca and in the next few days we’ll confirm that he is going to stay for five more years,” the president said in a press conference.

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The 24-year-old’s release clause is set to rise by €40 million amounting to an astonishing €230 million, placing his clause lower than just one Barcelona player, Lionel Messi.

Neymar has suited Barcelona’s style of play since his arrival; primarily he plays as a central striker, second striker, winger or occasionally an attacking midfielder but predominantly plays from the flank in a 4-3-3 formation partnering with the deadliest duo in world football, Luis Suarez and Lionel Messi, MSN.

Neymar has been described as “a true phenomenon” and the media have often drawn comparisons between Neymar and Brazilian legend Pele.

Neymar is magic with the ball, his package of skills make defenders panic as they never know what to expect. Neymar’s most common traits are his ability to create anything from nothing, his exquisite passing range, his dribbling abilities which puts him amongst the world’s best and his tremendous technique, being described as both “electric” and “explosive” with a deadly eye for goal.

Neymar’s entourage spent the best part of recent months encouraging the clubs biggest rivals, especially Real Madrid that he could be open to a move this summer, this alerted Barcelona who were always relaxed about the situation.

It seems his entourage used other clubs interest in Neymar’s favour, by getting him the bumper new contract with Barcelona, which he always wanted.