The former Wolves skipper, who is still adored by the Molineux faithful, was the subject of much speculation heading into the January transfer window.
He left Wolves in 2023 in a £47m deal as he signed for Saudi Pro League side Al-Hilal.
But more than three years on and with his deal coming to an end in the summer - Neves was linked with a number of clubs across Europe.
Real Madrid were one of the clubs linked, along with sides in the Premier League such as Newcastle United.
Elsewhere, Manchester United looked to be a front runner with the midfielder available for around £19m.
However, all that speculation has come to an end - with the former Wolves man putting pen to paper on a new contract in Saudi Arabia.
It comes after he has made 121 appearances for the club, netting 19 goals in the process.