Antonio Valencia has reportedly agreed a new contract with Manchester United.
The Ecuador international's current deal at Old Trafford is due to expire next summer, which would mean that he is free to talk to European clubs over a potential transfer from January 2015.
However, the Premier League club are eager to retain the 28-year-old's services and have shown that by offering him extended terms, which he has accepted, according to The People.
The report added that Valencia would likely earn around £70,000 a week, which is a rise on his current earnings.
Valencia, who joined United from Wigan Athletic in 2009, is a member of the Ecuador squad that will compete at this summer's World Cup in Brazil
