The forward will stay in Sao Paulo for at least one more year after a new bumper deal was proposed... By Daniel Edwards Aug 19, 2010 10:43:00 PM Teenage prodigy Neymar will stay in Santos and ignore a multi-million pound move to Chelsea, after the player and his representatives agreed a lucrative new contract with the Sao Paulo club. Globoesporte report that the deal was confirmed on Thursday in a meeting held at the club headquarters, with Neymar, agent Wagner Ribeiro and the Santos president Luis Alvaro Oliveira the only parties present. There the 18-year-old signed the new deal but details have yet to be announced. The salary is believed to be similar to the figure offered by Chelsea in their earlier negotiations. The player's representative Ribeiro, earlier strongly in favour of a European move, praised the superhuman efforts of the Peixe to keep their brightest star in Brazil. "The deal offered by Santos for Neymar is incredible. Viewed outside of Brazil, how it was arranged here with half the training and including all the assistance to the family. I've never seen anything like it," the agent affirmed. Under the terms of the contract Santos will continue to pay Neymar his previous salary of R$160,000 (€70,000) a month, with the remainder covered by private sponsors and investors as in the case of Robinho. The new agreement means that Chelsea and other European clubs will have to wait until the end of the 2011 Copa Libertadores if they wish to tempt Neymar once more. --

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