Chelsea chairman Bruce Buck has praised the "professionalism and dedication" of John Terry after the club captain signed a new one-year deal at Stamford Bridge.
The defender, who has won 14 major trophies in an 18-year senior career at Chelsea, was planning for his exit after revealing earlier in the season that the club had not offered to renew his contract.
However, at the end of the campaign the Blues put a deal on the table, and after mulling it over, the 35-year-old has agreed to stay on.
Buck told the club's official website: "We are delighted John will spend another year at the club. He has been the leader of the Chelsea squad throughout the most successful period in our history. He recently reached the 700-appearance mark, which is testament to his professionalism and dedication as well as his undoubted talent."
Director Marina Granovskaia added: "We look forward to another year with John at the club, and believe he will be an important figure in the dressing room and on the pitch as we look to bring success back to the club next season."
Terry, who reportedly received interest from the Chinese Super League, joined Chelsea when he was 14 years old.
