Man United To Pay Shenhua £10.5m For Ighalo Loan Extension –

Manchester United will pay £ 10.5 million to the Chinese Premier League Shanghai Shenhua after extending Odion Ighalo's loan contract.

Ighalo will remain with the Red Devils until January 2021, after a new agreement between the two clubs.

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The former Watford striker's initial loan contract expired at the end of last month, but now he will be able to see the rest of the season and the first half of the next campaign.

Read too: Rashford congratulates Ighalo on his new contract with United

According to the Daily Mail, Shanghai will receive a loan fee of £ 6 million, while United will pay £ 130,000 of Ighalo's £ 300,000 a week salary.

The 31-year-old signed with United for six months in January as cover for Marcus Rashford, who suffered an injury in the Emirates FA Cup clash with the Wolverhampton Wanderers.

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Ighalo has scored four goals in eight games for United since his arrival on the transfer deadline.

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