Paco Alcacer and Valencia Agree New Contract Amid Liverpool Transfer Rumours

Paco Alcacer has agreed a new five-year contract with Valencia, ending speculation he could be set for a move to Liverpool.

The 21-year-old will remain at the Mestalla until 2020, as reported by the club's official Twitter account:

Alcacer was rumoured to have caught the eye of Brendan Rodgers before penning his new agreement, as reported by James Orr of The Independent. However, new Valencia owner Peter Lim recently promised to invest significant cash into the side, per Dermot Corrigan of ESPN FC.

Manuel Queimadelos Alonso/Getty Images

This begins with keeping talented youngsters like Alcacer, a player who the first-team can be built around for years to come. Valencia are currently fourth in La Liga, with Alcacer netting eight goals and providing five assists in 20 matches across all competitions this campaign, per WhoScored.com.

It had been recently suggested by talkSPORT that Alcacer's new contract was likely to include a "gargantuan buy-out fee." This has come to fruition, per Spanish specialist Jamie Kemp:

Valencia are now assured to receive top dollar if they do decide to sell, thus protecting their investment in a manner which so many clubs choose to employ these days.

The Spanish international is a clinical finisher who offers all-round quality to his club. Only midfielder Daniel Parejo has netted more than him for Nuno Espirito Santo's side this season, with other forwards such as Alvaro Negredo and Rodrigo struggling to match his output so far.

You can see Alcacer's quality below:

His commitment is a step in the right direction for the side who face the difficult task of overhauling Real Madrid, Atletico Madrid and Barcelona in the domestic stakes.

The five-year deal is certainly a marker of the club's ambition and will be joyously welcomed by Valencia fans.