Bayern Munich announced on Friday they have extended the contract of Spanish playmaker Thiago Alcantara until 2021.

A day after Bayern took out the buy option to sign France winger Kingsley Coman from Juventus after a loan spell, Thiago has also added two years to his Bayern contract.

The 26-year-old Thiago signed in 2013 when Bayern's ex-coach Pep Guardiola insisted he was the player he wanted brought from Barcelona.

The attacking midfielder has been outstanding this season as a key element of Bayern's star-studded attack and has made 20 appearances for Spain since 2011.

"Thiago is one of the best and most sought-after midfielders in Europe," said Bayern's chairman Karl-Heinz Rummenigge.