Luis Suarez signs Barcelona contract until 2021

Suarez joined Barcelona in the summer of 2014 and he has helped the club to back-to-back domestic doubles, as well as the 2015 Champions League trophy.

During his time with the club he has scored 97 goals in 116 games in all competitions and the new buy-out clause will be set at €200 million.

Individually he has won the European Golden Shoe award for the 2015-16 season, the Liga World Player of the Year for the 2015-16 season and he was recently named fourth in the Ballon d'Or, behind Cristiano Ronaldo, Lionel Messi and Antoine Griezmann.

"I feel complete happiness because I am where I want to be," Suarez said on Thursday.

"It's now official. I never put any obstacles in the way of a renewal. I will never lose my ambition and enthusiasm for winning trophies and scoring goals."

Suarez added that he hoped that Lionel Messi and Neymar, who with him make up the infamous 'MSN' trio, would sign new contracts but a renewal is their own decision.

"My renewal has nothing to do with Neymar or Messi's. Leo is a legend and he knows what he has to do and decide," added Suarez.

"As a team mate, I am available to help him out but Leo is old enough to decide for himself. We are friends and we have a great relationship, but he is an adult and he has to take that decision."