Valencia have penned down Ferran Torres until June 2021 to fend off interest from both Liverpool and Chelsea.
In even worse news for the Premier League sides, Valencia have included a staggering £88million release clause in his contract.
The highly-talented Spaniard signed the new long-term deal with the La Liga outfit on Tuesday ahead of their clash with Espanyol on the weekend.
Liverpool had been monitoring the progress of Valencia winger Torres, while Chelsea also showed interest.
The Spain U19 international only turned 18 in February and had also previously attracted enquiries from Spanish giants Real Madrid and Barcelona.
Liverpool scouts have followed him playing for his country since last year and in Valencia's first team where he has made ten appearances this season.
Confident Torres had demanded greater playing time after pushing his claims in Valencia's reserves and has not disappointed coaching staff.
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