The defender had been strongly linked with a move to Real Madrid, but has decided to commit his future to his current club
Valencia have announced that defender Jose Gaya has signed a two-year contract extension that will keep him at the club until June 2020.
The 19-year-old’s previous deal ran until the summer of 2018, but included a buy-out clause of €18 million, with Real Madrid and Manchester City reported to be closely monitoring his situation.
However, Gaya has now ended speculation regarding his future by signing an extension to his deal, which has also seen his exit clause rise to €50m.
— Valencia CF (@valenciacf) May 8, 2015
Gaya came through the ranks of the Valencia youth academy and made his first-team debut in the 2-0 Copa del Rey win over Llagostera in October 2012.
The left-back, who can also play in midfield, has since developed into a key player at the Mestalla, making 34 appearances in all competitions so far this season.
His displays have helped Valencia’s bid for Champions League qualification, with the club currently sat in fourth place in La Liga with three games to go.