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Real Madrid target Neymar rejects stunning new Santos contract offer

Santos star Neymar has rejected a new contract offer tabled last week.

AS says Neymar turned down the new deal tabled before he left Brazil for Stuttgart. The Santos offer was worth a massive €7 million-a-year, but also included a rise in his buyout clause from €45-55 million.

Real Madrid president Florentino Perez is reluctant to pay Neymar's buyout clause as it would appear a hostile act.

Santos president Luis Alvaro Ribeiro confirmed: "Florentino told me he did not want to enforce the clause, he would prefer to reach an agreement."

 Click here for the No1 coverage of all the gossip and transfer news around Real Madrid.

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