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James McCarthy has signed a new five-year contract with Everton.

The 24-year-old has today put pen to paper on a deal that ties him to the Blues until 2020.

McCarthy joined Everton for £13m in the summer of 2013 from Wigan Athletic, signing a six-year contract.

The Republic of Ireland international is now believed to in the £50,000-a- week bracket, bringing him on par with new signing Tom Cleverley.

McCarthy has been the subject of regular speculation this summer with Tottenham Hotspur and Manchester City among the sides linked with making a move.

But the all-action midfielder has reached a new agreement with the Blues.

A delighted Martinez said: “When you are trying to shape a squad, the new faces are always important, but it’s vital to be able to build also on the continuity of top performers at the club and James represents that.

“That vital element of continuity in the squad is a great boost for the club, with James committing to a new, long-term contract.

“He has gone from strength to strength since his arrival here at the club and he’s still a young man whom we want to see grow and continue to help the team to achieve success.

“At the age of 24, he’s already contributed immensely towards the team these past two seasons and the fact that the best years of his career lie ahead of him is something that is tremendously exciting for the team and for the fans.”