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Insigne featured in all but one of Napoli's Serie A games last season, only missing the final fixture of the campaign against Roma through suspension.
Rafael Benitez has already confirmed he sees the diminutive attacker as a key part of his plans after replacing Walter Mazzarri as Napoli boss in the close-season.
"I met Insigne and we signed a new five-year contract," De Laurentiis announced on Twitter.
"I wish 'Lorenzinho' to have a great career with Napoli."
