Reed insists Harrison Reed's new deal shows the club remains on the right track.
"Our position remains unchanged in that we are determined to keep our best young players at the club and evidence of this can be seen in the decision to award Harrison Reed a new long-term contract last week.
"Harrison adds to the list of committed young professionals like James Ward-Prowse, Sam Gallagher, Jack Stephens, Jordan Turnbull, Matt Targett, Sam McQueen and others who have seen plenty of first-team activity recently.
"We have an abundance of talent in the academy coming through and everybody at the club is continuing to work hard on bringing in quality new players as we build a team capable of taking us further forward in the coming seasons."
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