Sunderland have missed out on one of their reported targets in the shape of left winger Lorenzo Insigne.

Napoli supremo Aurelio De Laurentiis announced on his Twitter account that the winger has signed a deal that will keep him at the Azzurri until 2018.

He tweeted: "This morning I met Lorenzo Insigne and we extended the contract for five years. Since this season Lorenzo will earn 700,000 Euros plus bonus.

"I wish 'Lorenzinho' a great career in Napoli."

The news comes after Sunderland were linked with bringing the 22-year-old to the Stadium of Light this summer and he will now continue his career at his hometown club.

Insigne came through the Napoli youth system and has made 38 appearances since gaining a regular first team place in 2012, scoring five goals.

His impressive performances for Napoli have seen him already win two caps for Italy and will now continue to be a part of Rafael Benitez's squad for the next five years.