BARCELONA: Barcelona says forward Neymar has signed a three-year contract extension that ties him to the Spanish champion through June 2021.

Barcelona announced Neymar's agreement to the terms of a new deal in July, and he would sign the new contract last week.

The new contract 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.

Forming a dominant attacking trio with Lionel Messi and Luis Suarez, Neymar has helped Barcelona win the Champions League, two Spanish leagues, two Copa del Rey crowns, and the Club World Cup.