Toronto FC announced today that fan favourite Joao Plata has agreed to terms on a new multi-year contract with the club.
It is not known at this time if Plata's rights were fully transfered to TFC, but in recent weeks rumours have circulated that Toronto had been looking to purchase at least 50 per cent of the Ecuadorean's rights from his former club LDU Quito.[PRBREAK][/PRBREAK]
Regardless, the announcement finalizes another key piece of the off-season puzzle for the Reds. With club officials having said recently that both Plata and 2011's other on-loan breakout star Richard Eckersley were very close to returning, fans will now hope to hear a similar announcement about Eckersley in the coming weeks.