Barcelona striker Neymar has agreed a new contract which keeps him at the Nou Camp until the summer of 2021, reports Sky Sports.

The Catalan club has fixed his buy-out clause at £181m for the first year of his new contract, £200m for the second year and £226m for the remaining three years of his deal.

A Barcelona statement read: "Since his arrival at the club Neymar has cemented his position as one of the best players in the world thanks to his outstanding talent. The Brazilian finished third in the 2015 Ballon d'Or award behind the winner his team-mate Leo Messi.

"After three seasons with FC Barcelona, Neymar's statistics are outstanding. In 141 games for the club he has scored 85 goals, 15 in his first season, 39 in his second and 31 in his third."

Neymar will sign the deal on Friday.