Fiorentina midfielder Riccardo Montolivo has extended his contract through to 2012.

It is believed that the new deal is worth around £700,000 per season to the man tipped to be Andrea Pirlo's successor.

"It was always my intention to renew here and it's a shame I didn't sign until 2013," the Atalanta youth product enthused.

"I feel wanted and at home here and I get smiles and encouragement along the way."