Marco Verratti has agreed to a one-year contract extension with Paris Saint-Germain, which will keep him in the French capital until 2020.
The club confirmed the news on Monday via their official website.
Les Parisiens will be delighted to have tied down the Italian amid reports from Spanish outlet Mundo Deportivo (h/t Chisanga Malata of the Daily Star) that suggested Manchester United were interested in his services, while Real Madrid president Florentino Perez reportedly wanted him as well, per Alejandro Alcazar of Sport English.
Per the club's statement, the 23-year-old said:
I am very happy to extend my contract with Paris Saint-Germain. I would like to thank the Club for the confidence they have placed in me since I joined the Club. I love the city of Paris and I love Paris Saint-Germain. I will continue to give my all, along with my team-mates, to bring joy and success to our supporters and make our team the best in Europe.
PSG chairman and CEO Nasser Al-Khelaifi added:
Marco Verratti is one of the most talented players in Europe. We are delighted to see that each year this player displays his desire, both to the Club and the fans, that he believes in Paris Saint-Germain's project. I am very proud and I especially want to express how important it is to have him at our Club. Marco is an idol of the Parc des Princes public. This strong relationship of confidence that exists between our Club and Marco Verratti is set to last for many years to come.
In December, French football writer Andrew Gibney noted a contract extension for Verratti was a must for PSG:
Andrew Gibney @Gibney_A
Marco Verratti is set to extend his contract at @PSG_inside until 2021 - would be a fantastic move. He is the future of the club.2015-12-24 11:14:08
Football journalist Rafael Hernandez believes he is wasted in Ligue 1, however, where his club are 24 points clear at the top of the table:
Rafael Hernández @RafaelH117
Barça was never going to sign him, didn’t interest the club as far as I know. But could’ve gone for the PL or something. Shame.2016-2-15 08:35:49
A key cog in Les Rouge et Bleu's machine, the midfielder has an incredibly bright future ahead of him.
Given his undeniable talent, potential and the fact he's coveted by some of Europe's other elite institutions, securing him on a longer deal is undoubtedly one of the best bits of business PSG have conducted all season.