John Terry has signed a one-year contract extension at Stamford Bridge, Chelsea have confirmed.
Club captain Terry had been set to leave the side this summer after Chelsea announced earlier in the year he would not be offered a new contract. But following the intervention of incoming manager Antonio Conte, the 34-year-old has signed a new deal that lasts until 2017.
"I am delighted to sign a new contract with the club. Everyone knows I'm Chelsea through and through," Terry told the club's official website.
"I am looking forward to next season under the new manager and hopefully we can make it a successful one.
"Also, a special mention to the fans for their continued support. You're the best in the world."
Chelsea added in a statement that the new deal was agreed following a meeting between Terry, Conte, owner Roman Abramovich and the club's board.
Terry fuelled speculation he would extend his stay at the after cancelling his leaving party that was due to take place on the pitch following the club's final game of the season against Leicester City on Sunday.
Addressing the crowd after the match, Terry said: "We all want the same thing. I want to be here. I've said for a very long time that I want to be here for the rest of my career, I want to finish my career here so we have a few days and we'll be speaking to the club and In want to stay, no doubt. The fans know that."
Terry made his Chelsea debut in 1998 and has won every major honour available during his time at the club.
His departure from Chelsea after 21 years looked all but certain back in January, when the former England skipper, who has always maintained that he could not represent another English club, revealed that he had been informed there was no new deal on the table.