Juan Cuadrado, Fiorentina Agree to New Contract: Latest Details and Analysis

Juan Cuadrado and Fiorentina had been rumoured to be working on a new contract for the Colombia international for days, and on Friday, the winger took to Twitter to confirm he had signed a new contract with La Viola.

In a statement (in Italian), he thanked his agent and the club and professed his love for Fiorentina:

Football-Italia provided a translation: "I’m happy for the renewal. I thank my agent Alessandro Lucci, the Della Valle family, the club as a whole and in particular the President Cognini for his availability. Forza Viola!"

Fiorentina have yet to officially confirm the news, but with the player already announcing the deal is done, an official statement is expected to arrive shortly.

Cuadrado's new contract will repeatedly run until the 2019 season, via Football Italia, with a base salary of €2.3 million and a €35 million buyout clause. GianlucaDiMarzio.com's David Amoyal believes this is an excellent move for La Viola:

The Colombian was a reported summer transfer target for several top clubs, with Barcelona and Manchester United courting the 26-year-old in particular, via Goal's Chris Davie. A new and improved contract with a hefty buyout clause all but rules out a transfer at any point of 2015.

Injuries have limited Cuadrado to just five Serie A appearances and one domestic goal in the 2014-15 season, per WhoScored, and Fiorentina have struggled as a result. The new contract should boost the winger tremendously, however, and with their biggest asset now locked up to a long-term deal, the future looks bright for La Viola.

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