Turan has put pen to paper on a new deal which will keep him in Madrid until 2017, From Sky Sports.

Turan has been in good form so far this season with a goal and two assists in his first four games. This contract extension will mean he will remain a solid option in La Liga fantasy for the next four years.

Turan scored a goal in the 35th minute and recorded two assists during Sunday's 5-0 trouncing of Rayo Vallecano.

Turan had five goals and four assists last season in Liga play and he's well on his way to improving on that mark this season.

Turan will stay at Atletico Madrid despite interest from a number of Champions League clubs, Football Espana reports.

Turan has gotten bids from Turkish giant Galatasaray, as well as newly-promoted Ligue 1 side Monaco, but he's intent on seeing out the end of his contract, which has two years remaining on it. Atletico Madrid open up their La Liga season Sunday against Sevilla.

Turan could be on the move to Ligue 1 after Monaco reportedly offered €17 million for the midfielder, according to Football Espana.

Atletico Madrid reportedly turned down the bid, asking for at least €24 million to trigger Turan's release clause. The two sides have already made a huge deal this summer with the transfer of Radamel Falcao to Monaco for £53 million.

Turan has been ruled out of Saturday's La Liga match at Granada, Soccerway.com reports.

He suffered a muscle injury while on international duty for Turkey last week.

Turan opened the scoring for Turkey in their miraculous 3-2 come-from-behind win against the Czech Republic to advance in Euro 2008.

The big clubs were watching to be sure as Turan has all the skill to play in England, Germany, Spain or Italy.

The young Turkish star was outstanding on the ball all game, but most importantly his 92nd minute deflection-aided strike led Turkey to an enormous 2-1 defeat of the Swiss.

Turan is going to become another darling of the transfer market after the way he has played in Turkey's first two games. Before Euro 2008 Newcastle was said to already have a bid in on the gifted winger who crosses the ball incredibly-well, plays with the presence of a long time veteran.