Caris LeVert has agreed a "multi-year" contract extension with the Brooklyn Nets, the team confirmed on Monday.

The terms of the deal were not announced, but ESPN reported late on Sunday that LeVert had agreed a three-year, $52.5million extension that will begin with the 2020-21 season.

Levert, the number 20 pick in the 2016 NBA Draft, finished last season averaging 13.7 points, 3.8 rebounds and 3.9 assists in 40 games, having missed three months with a dislocated foot.

"Caris personifies what it means to be a Brooklyn Net, and we firmly believe his best basketball is in front of him," general manager Sean Marks said as the new deal was confirmed.

"The growth he has displayed in his first three seasons is a testament to his tireless work ethic, along with an unrelenting will to maximise his talents and achieve team success.

"Our entire organisation is excited to continue to have Caris as one of the leaders of our programme moving forward."

The Nets have completely rebuilt their roster this close season to potentially put themselves in position to be in title contention for the next few seasons.

They landed a pair of stars, Kevin Durant and Kyrie Irving, in free agency and also signed veteran center DeAndre Jordan.

"I feel everyone has a chip on their shoulders from one to 15 before those guys, and I know those guys do, too," LeVert said, via the New York Post.

"I feel everyone at this level, that's kind of what you have to have to be one of the top players. That's our identity. I know we won't lose that."

LeVert is looking forward to eventually sharing the court with Irving and Durant, who is expected to miss most of 2019-20 after rupturing his Achilles in the NBA Finals.

"Honestly I was a little surprised," LeVert said. "I'm definitely very excited because those are two guys I like to play against and watch a lot of film on. Obviously, I can't wait to play alongside those guys."

The Nets finished last season with a 42-40 record and made the playoffs for the first time since 2014-15, where they were eliminated by the Philadelphia 76ers in five games.