Brazilian prodigy Neymar has snubbed a big-money move to Chelsea and signed a five-year contract extension with Santos.
The talented teenager turned down a multi-million pound offer from the Premier League champions to sign the five-year contract with Santos including £40,000-a-week wages and a £37 million buy-out clause.
"The final decision is always the player's. I spoke to my dad and my family and we decided to stay. I'm happy, it's what I want," the 18-year-old told a news conference.
"I think (the decision) is going to help my game quite a lot because I'm happy. Money alone doesn't bring happiness."
Neymar future has been a major talking point in Brazil in recent weeks, with the likes of Pele, Mario Zagallo and new Brazil coach Mano Menezes all suggesting it is too early in his career for a move to Europe.
"This decision of Neymar is not based on a mere arithmetic comparison of figures here and there because, if it was, Santos would lose out," said the Brazilian club's president Luis Alvaro de Oliveira.
"It's a much wider reaching attitude which shows that a kid of 18 is capable of taking the decision of a mature man."
Neymar played a leading part in Santos's capture of this year's Paulista (Sao Paulo) state championship scoring 14 goals in 19 matches, as well as a remarkable 11 in eight games in the Copa Brasil.
Chelsea became interested in the energetic striker, but Santos turned down their £16.5m offer, and also rejected a £15m bid from fellow London-based Premier League side West Ham United.
Neymar was overlooked for this year's World Cup in South Africa by former Brazil coach Dunga but made a promising international debut under Menezes, scoring in a 2-0 victory over the United States in a friendly in New Jersey last week
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