M. Neuer will remain in the ranks of Bayern for the season © AFP

The legend of Germany and Munich's "Bayern," Manuel Neuer, will remain at the club for at least another season.

Journalist Florian Plettenberg reports that the 40-year-old goalkeeper has reached an agreement with "Bayern" for a contract extension for another season.

It is reported that M. Neuer has agreed to reduce his salary and stay with the German champions for another year.

The club hopes to officially announce the extended contract before the end of the season.

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