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Santos club president, Luis Alvaro de Oliveira has announced that the club's star, Neymar has renewed the contract with his current team.

Neymar has extended his contract with Santos until 2014, exactly when to hold the World Cup in Brazil.

"This is good news for Santos, the player and the club's fans," said agent Neymarit for "Globoesporte".

Apparently Madrid and Barcelona now have dampened hopes for a transfer of Brazilian star that hard to leave Santos this summer./ReadEnglishNews/