Atlético Madrid centre-back Miranda has extended his contract with the Vicente Calderon club till 2016. A report by talkSPORT indicates the 28-year-old Brazilian has been scouted by Arsenal and other English clubs ahead of a summer approach but the player has now ruled out a move to the Emirates, or anywhere else.

Joao Miranda

"I am very happy. I have been working to earn a new contract and I think this is a good deal for both parties. I feel great at Atletico, it feels like home. Madrid is a city I love. I am very happy here," Miranda said.

The Spanish club's director of football, Jose Luis Caminero, was equally pleased with the new deal and the loyalty shown by the defender. He praised Miranda for his performances; the South American transferred from Brazilian club Sao Paolo in 2011.

"The club has always been clear that it had to extend this player's contract. He is a defender that gives security to the team and is noted for his positioning and coolness. His great performances made it clear that we should go for the renewal," Caminero said.

Miranda has made 34 starts, in all competitions, this season and has scored twice. His consistent performances - Atlético have conceded the least number of goals in the Spanish top flight - have been key in pushing the club from the Spanish capital to third place in La Liga this campaign, one behind local rivals Real Madrid. Indeed, up until the last round of league matches, Atlético were actually leading their more illustrious neighbours.

More importantly, Atlético are 13 points ahead of fifth place Real Sociedad and with only 11 games to go in the season are in pole position to ensure Champions League football next term, something which the cash-strapped Rojiblancos will welcome.

George Graham on Arsene Wenger

Former Arsenal manager George Graham believes Arsene Wenger has lost his touch in the transfer market.

"The first thing you have got to ask is who is bringing the players to the club? Is it Arsene or is it the scouting staff? Who has he got, not just in England, but all around the world? You've got to ask who is bringing in the players of the quality that was brought in during his first six or seven years at the club. That has been the problem," the 68-year-old told talkSPORT.