Manchester United have revealed winger Antonio Valencia has signed a new four-year contract with the Premier League champions.
Valenciahas been an prominent figure for the Red Devils since joining the club from Wigan Athletictwo years ago.
Though he missed a large part of last season through injury, the 25-year-old returned for the closing couple of months of the campaign to play a key role in United's record-breaking 19th title win.
Red Devils chief executive David Gill confirmed over the weekend that the Ecuador international had agreed an extension and the deal has now been signed.
Valencia, who has scored 10 goals in 69 appearances for United, is happy to have been rewarded with a new contract ahead of the 2011/12 season.
“I am delighted to stay at United," Valencia told the club's official website.
"Since my first day at Carrington, I have been happy here. I hope that I can continue to develop as a player.
"I am looking forward to making my contribution to helping this squad compete for more trophies."
United boss Sir Alex Ferguson added: "Antonio has made a fantastic contribution since his arrival. His speed, crossing ability and versatility have been a big asset for us.
"He has a quiet, unassuming way of going about his business, which is underlined by great strength of character as his recovery from such a bad injury last season proves."
Manchester United are set to face competition from free-spending French side Paris Saint-Germain for Brazilian starlet Ganso.
The 21-year-old, along with team-mate Neymar, has been tipped with a move to Europe, with Manchester United among the rumoured destination.
But according to talkSPORT, cash-rich PSG are preparation to hijack Ganso's move to Old Trafford with a proposed £35million bid for the attacking midfielder.
The French Ligue 1 club, backed by the Qatar Investment Authority, has gone on a shopping spree this summer - signing the likes of Blaise Matuidi, Jeremy Menez, Salvatore Sirigu and Mohamed Sissoko.
And more new faces are expected at the Parc des Princes come the start of the new season, with Ganso and Palermo hitman Javier Pastore apparently top of their wish-list.
Meanwhile, Santos are believed to have a £45m buy-out clause in the youngster's contract and unless that fee is met are reportedly unwilling to sell before the 2012 Club World Cup.
Roma forward Mirko Vucinic is set to complete a move to Juventus, according to reports.
Tuttosport claims the Montenegro international arrived in Turin on Sunday evening and will undergo a medical with the Piedmont outfit on Monday before signing a contract with his new club.
Vucinic has been heavily linked with a move away from Roma this summer after five years in the Italian capital.
Barclays Premier League sides Manchester United and Blackburn Rovers were among the clubs thought to be in the race for the player's signature as well.
Vucinic's agent Alessandro Lucci even revealed that the Premier League champions had made contact with regards to an offer, but it appears Juve is his next destination.
The 27-year-old is set to become Juventus' sixth signing of the summer following the arrivals of Arturo Vidal, Stephen Lichtsteiner, Reto Ziegler, Andrea Pirlo and Michele Pazienza.
Want-away Wolfsburg playmaker Diego has confirmed Atletico Madrid have made contact with him over a possible move to Spain.
However, he was also quick to emphasize that they weren't the only side in the running for his signature, and that several other clubs are also interested in signing him.
Diego arrived at Wolfsburg in the middle of much fanfare at the start of last season, having previously had an excellent spell in the Bundesliga with Werder Bremen, before ineffectively trying his hand in the Serie A with Juventus.
Far from being the missing link that brought Wolfsburg one step closer to the Bundesliga title, Diego caused much trouble at the club, and fell out of favour with the manager on a number of occasions.
Most particularly was his refusal to sit on the bench in one of Wolfsburg's Bundesliga matches near the end of the season, leaving coach Felix Magath with only six substitutes to choose from.
And with Magath and Diego now sharing a fractitious relationship, the Brazilian international confirmed he is looking to leave Wolfsburg as soon as possible, with Atletico a likely destination.
"There is an official offer [from Atletico Madrid]," Diego told Kicker.
"We have had contact with other clubs, but Atletico is a concrete option.
Inter Milan playmakerWesley Sneijder has hinted he is open to a move to premier league.
The 27-year-old has been extensively linked with a move to Manchester United, though Red Devils boss Sir Alex Ferguson has denied having had any contact with the Holland international.
Asked if he would be interested in a move to England, Sneijder said in comments quoted on The Sun's website: "Maybe. I have played in many big competitions in Holland, Spain and Italy and I'm still here.
"What is going to happen we will see but I am a happy guy.
"But there is always speculation, every year.
"I am happy to train and play my games. Whatever happens after that, we will see."
He added: "There is always a chance something will happen but we will see."
While uncertainty still reigns over a possible move, United CEO David Gill has not ruled out spending the cash on Sneijder, after confirming last week that the club still had enough cash at hand for one more major signing.
"We are looking at one more player to bring in," Gill told MUTV.
"Nothing is happening and nothing is imminent but we will see what happens when we get home
"There will still be 31 days of the transfer window to see if anything develops.
"The important point to understand, and Alex has made clear, is that we need someone who is going to improve the quality of the squad.
"We have a great squad and to get into that squad you need to be a world class player.
"If you can't get the players you want, there is no point buying someone for the sake of it.
"But you never know. There is often movement in August.
"I am not saying I am working on anything specific because I'm not. But that situation could change quickly when we get back to Carrington."
Inter coach Gian Piero Gasperini, insists he is not losing any sleep over media speculation regarding Sneijder's future with the Serie A club.
"The transfer market closes on 31 August and we have all been trained to live with these rumours for the duration of the season," he said on www.inter.it.
"I'm not worried or annoyed by these rumours and neither are the players.
"They are Inter players, they play their hearts out for Inter in any situation and they showed that today.
"People talk a lot about the transfer market but at the end of the day everything is just like it was at the start.
"Have Manchester United put in a bid for Sneijder? I don't know and I don't care, but it's not unusual for great players to be in greater demand.
"Inter's great players are, as are those from other clubs, but if you are sure that the player has received an offer, I'll remind you that Sneijder is under contract to Inter, so if there is a bid it should be made to Inter.
"I'll say it again: all too often rumours are spread for months and then, when it's all over everything is exactly as it used to be."
