Colombia international midfielder Juan Fernando Quintero has signed a four-year extension keeping him at Porto until 2021, the Portuguese club announced on Tuesday.

Quintero, 23, is currently on loan at French side Rennes, where he has scored one goal in 11 appearances.

He joined Porto from Italian club Pescara in 2013, while his new deal includes a 40-million-euro ($43.5 million) release clause.

Quintero has 13 caps for Colombia but was left out of coach Jose Pekerman's final 23-man squad for last year's Copa America.

According to reports in Portugal, Porto are set to appoint former Sporting Lisbon and Braga coach Jose Peseiro, who left Egyptian side Al Ahly on Monday, as the club's new manager following the sacking of Julen Lopetegui earlier this month.