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Transfer news: Lazio star's new contract to contain £18million release clause amid Chelsea and Liverpool links

Related Topics: Stefan de Vrij, Chelsea F.C.

Chelsea and Liverpool target Stefan de Vrij is believed to be close to renewing his Lazio contract, but with an £18m release clause.

The Dutch defender's current deal expires at the end of the season, and he was linked with a move to the Premier League, as well as Italian champions Juventus in the summer.

However, Il Messaggero is reporting that a new contract has been agreed, with De Vrij ready to sign on until 2020.

The new deal would see his wages rise to £2.3m per season - around £3m when bonuses are included, and is expected to contain an £18m release clause.