Chelsea target Neymar signs new deal with Brazilian club Santos

Teenage prodigy Neymar will stay in Santos and ignore a multi-million pound move to Chelsea, after the player and his representatives agreed a lucrative new contract with the Sao Paulo club.

The deal was confirmed on Thursday in a meeting held at the club headquarters, with Neymar, agent Wagner Ribeiro and the Santos President Luis Alvaro Oliveira the only parties present.

There the 18-year-old signed the new deal; lasting five years and earning the youngster a reportedly staggering £36 million.

Santos president Luis Alvaro de Oliveira Ribeiro told reporters: "Football is not only driven by money. It's part of an entertainment industry, but also driven by passion. This decision proves that a 18-year-old boy can take a balanced attitude of a man that loves what he does."

The striker added: "It was a complicated and difficult decision. I'm staying at Santos and I'm very happy here and now I'm focused to win more titles.

"Money doesn't just bring us happiness."

The player's representative Ribeiro, earlier strongly in favour of a European move, praised the superhuman efforts of the Peixe to keep their brightest star in Brazil.

"The deal offered by Santos for Neymar is incredible. Viewed outside of Brazil, how it was arranged here with half the training and including all the assistance to the family. I've never seen anything like it", the agent affirmed.

The new agreement means that Chelsea and other European clubs will have to wait until the end of the 2011 Copa Libertadores if they wish to tempt Neymar once more.

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Inter interested in signing Tottenham forward Giovani dos Santos

Inter are believed to be pondering a move to acquire the services of Tottenham Hotspur striker Giovani dos Santos.

Italian newspaper Tuttosport

reports that the European champions are monitoring the situation at White Hart Lane, following the cash influx they have received from the sale of young forward Mario Balotelli to Manchester City.

Meanwhile, Dos Santos spent a portion of last season on loan with Galatasaray, having failed to break into the first-team at the north London club. Following an impressive World Cup showing with Mexico, Dos Santos started Spurs' Champions League qualifying first leg against Young Boys on Tuesday night.

It had recently been thought that the Barcelona youth product would be willing to consider a move away from his current club, if a concrete offer should be forthcoming from a club in the Serie A.

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