The Spaniards have bought the player from the Championship side and have the option to extend Petrov’s contract by a year if they beat relegation, according to the player’s agent.
“If Espanyol manage to avoid relegation, the contract will be automatically extended by one more year,” Lucheslav Tanev told TV7.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.