Valencia have announced that Jose Luis Gaya has signed a new, five-year contract with the club.
The Spanish Press claimed on Friday that confirmation of the left-back’s renewal until 2020 was imminent, and Los Che have now formalised the news on their official website.
“Gaya is one of the players who grew up with us. He’s a Valencia player and feels like one,” President Amadeo Salvo stated.
“We consider players who wish to remain tied to this project a success. When I said he was going to stay, it was because Valencia wanted him to stay and so did the player.
“He’s very important to Valencia, the fans and the team.”
Speaking shortly after putting pen to paper, Gaya admitted his new deal was “a dream come true”.
“I’m very happy and proud to have signed on with Valencia. It’s what I wanted from the beginning, and both parties got what they wanted in the end,” he added.
“It’s another dream come true for me. It was a dream to debut in La Liga with Valencia and now I’ve signed for five more years.
“I want to thank the club for making this renewal possible. May 25 is my birthday and there’s not a better [birthday] gift I could ask for.
“Now we play against Real Madrid, which is always difficult, but we have our weapons and can beat them.”
Gaya is expected to earn around €1m net per season, while his buyout threshold has also been raised from €18m to €50m, according to reports.