Gonzalo Higuaín​ has dealt both Liverpool and Chelsea a blow in their summer transfer plans after reportedly signing a new deal that will extend his time at current club Napoli until 2020

According to Argentinian publication ​TyC Sports, the 28-year-old has signed a new four-year deal with an annual £5.3m salary.

Higuaín, who is currently preparing for the Copa América final with Argentina, was one of Europe’s form strikers last season with 36 goals in 35 Serie A appearances for Napoli. 

He has previously insisted that he would wait until after the tournament to make any decision on his future, stating, "all those people in Naples must remain calm, I’m calm, but now I’m just thinking about the national team."

The frontman, who is also known as 'Pipita', has been heavily linked with a move to the Premier League throughout the summer. Incoming Chelsea boss Antonio Conte is known to prefer a 3-5-2 system and wants to bring in another top striker to play alongside Diego Costa. 

Meanwhile, Liverpool were also linked with a move for Higuaín after Jurgen Klopp was spotted sat alongside the striker's brother and agent Nicolas Higuaín during an Argentina fixture in the Copa América. But it now seems as though Klopp's trip may have been a waste of time, as the former Real Madrid striker looks set to remain with Napoli, for the time being at least.

With a reported release clause of £66m, a move to the Premier League was always unlikely and Napoli chairman, Aurelio De Laurentiis, had previously spoke of his desire to keep Pipita in Naples, “I’m ready to extend his contract, I’m so fond of him as a man and as a player,” De Laurentiis said. “I want Pipita to stay at Napoli forever.”