Spanish international Paco Alcacer has put pen to paper on a new long-term contract with Valencia, which reportedly includes a release clause of £70m.

It was claimed on Monday that the 21-year-old was close to agreeing a fresh deal that would run until 2020.

That has now been confirmed on Valencia's official Twitter feed, with the Spaniard committing his long-term future to Los Che.

Alcacer, who had previously been linked with a move to the Premier League, has netted eight times in 22 games for Valencia this season.