The controversy created by Gianluigi Donnarumma in June has ended with the Italian international agreeing terms to a contract extension with AC Milan.
“In the end, the club and the goalkeeper have reached an agreement to extend Gianluigi Donnarumma’s contract,” read a statement on AC Milan’s official website.
Donnarumma, 18, is reported to earn €6 million per year in a contract upgrade that commits him to the seven-time European Champions until 2021.
AC Milan have ensured that their goalkeeping prodigy will not go cheaply should he seek another move away from the club by slapping a release clause in the region of €70-100 million on him.
Should Milan fail to qualify for the Champions League, then Donnarumma will be available at a slightly more affordable release clause of €50 million.
Some of Europe’s biggest clubs were contemplating a move for Donnarumma after his agent Mino Raiola informed Milan of a ‘definitive’ decision not to renew his contract just over three weeks ago.
The change of heart comes as a huge boost to AC Milan’s plans heading into the new campaign, having already completed a near-complete squad change with seven key signings.