I thought his first 2 years "ran out" on 29th August? I believe people have mentioned "June" before as ALL English FA player contracts are reviewed in June regardless of when the actual "2 years" (or whatever length the contract may be) runs out.
As such, my understanding is that the extension into the 3rd "optional" year of his contract automatically kicked in at the end of August when his first two years were up. I guess that means his "third year" could be terminated early in June next year, if my understanding is correct.
Probably and/or possibly