London: Chelsea captain John Terry ended speculation over his future by signing a one-year contract extension with the Premier League club on Tuesday.
Terry is said to have turned lucrative offers from foreign teams to extend his stay at Stamford Bridge after agreeing a deal that will reportedly pay him in the region of £175,000-a-week.
The 33-year-old, who is a product of Chelsea's youth academy and made his debut in 1998, has been handed the contract after a superb individual season with the Blues, which saw him return to peak form following the return of boss Jose Mourinho, after losing his place under interim manager Rafael Benitez last term.
It was initially claimed Terry would have to take a substantial pay cut to extend his spell at Chelsea into his 17th season as a member of the first team.
Talks appeared to have stalled late in the season, leaving Terry in the dark over his future.
But Mourinho had recommended that Chelsea offer Terry a contract extension and, after negotiations resumed last week, he has been rewarded for strong performances as the Blues finished third in the league and reached the Champions League semi-finals.
"I'm delighted to have signed an extension to my contract with Chelsea taking me into my 20th year with the club," Terry told Chelsea's website.
"I'd like to thank the fans and club for their continued support, and the manager who was instrumental for me the last season."
Chelsea's recently adopted club policy is to offer one-year deals to players in their 30s upon the expiry of their current agreements and, while the player had originally asked for a two-year commitment, he has accepted a shorter arrangement on terms that will still leave him as one of the best paid defenders in the English top-flight.
Chelsea chief executive Ron Gourlay added: "We are very pleased John, who is an undoubted Chelsea legend, will continue to lead the team next season, as he has done for so many years with unrivalled achievement.