Ashley Cole has agreed to sign a new contract at Chelsea.
Cole is out of contract at the end of the season and was expected to leave Stamford Bridge, but the 32-year-old is set to snub the overtures of Real Madrid and Paris St Germain by committing his future to his current club.
The England defender has agreed to put pen-to-paper on a contract extension and both parties expect the paperwork to be signed off in the next 48 hours.
The news that Cole has agreed to commit his future to Chelsea will go some way towards appeasing the Blues fans who had become unhappy with the club's failure to tie the player down to a new deal.
Despite coming towards the latter stages of his career, Cole is still regarded as one of the best left-backs on the planet.
The defender, who has 99 England caps, has been a fixture in the Chelsea back line since he joined the Blues in a controversial transfer from bitter rivals Arsenal in 2006.
During his time at the west London club, Cole has won one Premier League title, four FA Cups, one League Cup and was also part of the team that defeated Bayern Munich in last year's Champions League final.