Marcus Rashford committed his long-term future to Manchester United on Monday by agreeing a new four-year contract with the option for a further year.
The 21-year-old's previous deal was due to expire in 2020 and the England striker had attracted interest from Barcelona among others across Europe.
However, United have reportedly committed to a bumper contract worth USD 317,000 a week to ensure that Rashford remains at Old Trafford.
Rashford has scored 45 goals in 170 appearances since breaking into the United first team as an 18-year-old.
"Manchester United has been everything in my life since I arrived here at the age of seven. This club has shaped me, both as a player and as a person, so it is such a privilege every time I get the opportunity to wear the shirt," said Rashford in a club statement.
Rashford has been handed a more prominent role since Ole Gunnar Solskjaer replaced Jose Mourinho as manager in December.
And Rashford hailed the Norwegian's influence for keeping him at his hometown club after a previously stormy relationship with Mourinho.
"I want to thank Ole and his staff for everything they have done for me; they are the perfect group of coaches to learn from as I continue my development and look to push on to the next level," added Rashford.
"I will be giving everything I have to help get this club back to where it belongs and deliver the success that our fans deserve."
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