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The new deal ties the 2002 World Cup winner to the Central Asian club until 2011.
Rivaldo inked a one-year deal in August and since then has played in 15 matches for Bunyodkor, including the quarter-finals and semi-finals of the AFC Champions League, scoring nine goals.
The Brazilian played a key role in the club’s Uzbekistan Cup and Uzbekistan League title triumphs, their first time ever in both competitions.