Paris Saint-Germain have announced that Neymar has signed a new deal with the French champions until June 2025, ending the speculation surrounding a potential summer exit.
The Brazil international's previous contract in Paris had been due to expire next June, and it had been suggested that Barcelona were interested in re-signing him in the upcoming market.
However, the 29-year-old has now officially put pen to paper on a deal until the summer of 2025.
"Paris Saint-Germain is delighted to announce that Neymar da Silva Santos Junior has signed a contract extension for a further three seasons until 30 June 2025," read a statement on the club's official website.
"I'm really pleased to continue my adventure at Paris Saint-Germain. I'm very happy in Paris, and proud to be part of this squad, to work with these players, a great coach and to be part of the history of this club," said Neymar upon signing his new deal.
"These are things that make me believe even more in this great project. I have grown as a person here, as a human being and as a player, too. So I am very happy to extend my contract and I hope to win many more trophies here."
Neymar has scored 85 goals and registered 51 assists in 112 appearances for PSG since arriving from Barcelona in the summer of 2017.