It seems there is bad news for various European clubs because of the fact that PSG midfielder Marco Verratti has signed a new deal for the French champions.

Marco Verratti has signed a contract extension with PSG, keeping him at the club until 2020. 
Verratti has been a mainstay and a key component of the PSG squad under Laurent Blanc. It seems that PSG have realized the interest in their highly rated midfielder Verratti and have successfully tied the player to the club until 2020.

Verratti expressed his delight at extending his contract with PSG and has stated his desire to make the team the best in Europe. The Italian midfielder joined the club in 2012 from Pescara and has been a revelation for the French champions in the last few seasons.

His impressive performances for the club attracted interest from likes of Bayern Munich, Barcelona and Manchester United. In fact, with rumors of his current  Italy manager joining Chelsea, the player was also recently linked with the premier league champions as well.

PSG chairman Nasser Al-Khelaifi has also expressed his happiness in Verratti extending his current deal. He stated that the midfielder has displayed his promise every season and has shown his commitment to the PSG project.

It certainly is a big boost to the club with the French champions certainly heading in the right direction with respect to becoming one of Europe's biggest clubs.