Ibrahim Afellay has agreed a new one-year extension to his PSV Eindhoven contract.
The 21-year-old, who was being chased by Arsenal and Valencia, has agreed to extend his deal by an additional 12 momths.
He is now contracted to the Philips Stadion outfit until June 2011.
Afellay is a graduate of the PSV youth system and made his international debut for Holland this year.
PSV have expressed their delight at securing Afellay's signature.
"PSV are absolutely delighted with the extension," admitted PSV general manager Jan Reker.
"Afellay is a key player and he is going to make an even greater impact during the next few seasons.
"This is great news for PSV."