Mauro Icardi has signed a new contract with Inter Milan extending his current deal until 2021 and increasing his salary to a reported £5 million a year. The 23-year-old club captain has started the season in sensational form and according to reports his has had a €110 million (£99 million) buy-out clause inserted to ward off interest from Real Madrid, Juventus, Paris Saint-Germain and Tottenham.

After a summer of speculation linking Icardi with a move away from Milan, the Argentine striker has given the Nerazzurri more than sufficient reason to make him the club’s top earner with six goals and two assists in seven appearances.

Inter confirmed the deal via the club site on Friday stating: “FC Internazionale is delighted to announce that an agreement has been reached to extend Mauro Icardi’s contract until 30 June, 2021.

“The Argentina striker, born in Rosario on 19 February 1993, joined Inter from Sampdoria in the 2013-14 season.

“Since then he has scored 58 goals in 114 games, giving him one of the highest goals-per-game ratios in Nerazzurri history.

“And there’s a whole lot more still to come…”

✍ @MauroIcardi signs new contract till 2021!
👉 https://t.co/okoVQkcIqI #FCIM ⚫🔵

— F.C. Internazionale (@Inter_en) October 7, 2016

After announcing the new deal, Mauro Icardi’s wife and agent, Wanda Nara told Infobae:

“I’ve earned Mauro much more money. We’ve put in clauses and new conditions. If a club want to buy him, they’ll have to pay the clause of €110m. We adjusted the contract and extended it for five years, which is the maximum possible.

“We’re all happy, Mauro wants to stay. The club are happy with the extension, they wanted to keep Mauro and Mauro wanted to stay.

The club, however, also respect my work, I had five clubs willing to put several million on a plate.”

The interest from other top European clubs was very real and Wanda Nara expanded on this when explaining her negotiations with Inter director Piero Ausilio.

“I pointed out to [Inter director Piero Ausilio] that there were many offers, so was Mauro meant to stay or go? He replied: ‘Then show me these offers.’ I was upset, as we had bought a house in Milan and he’s happy here.

“Seeing as Ausilio wanted to see the offers, I brought him the proposals from PSG, Napoli and Juventus. There was also Tottenham, although they spoke directly with Piero.

“Mauro was on the verge of joining Real Madrid and Juve sought him until two minutes before they secured Gonzalo Higuaín.

“Ausilio and I argued throughout the entire negotiation process, but in the end we’re always friends again. He’s a great professional.

“I swear on my children that Mauro knew nothing about what was happening. He wanted to keep his mind clear of these thoughts. However, he started seeing strange faces in the training retreat and at that point started asking me if the stories were true.

“Only at the end did he discover how advanced the negotiations with the other clubs really were.”