The negotiations on a new contract are at an advanced stage.An announcement is expected within 48 hours with Terry ready to break his silence over his future.The England Captain reached an agreement after a Face to Face with new boss Carlo Ancelotti and club officials during Chelsea's pre season tour to America.
The Stamford Bridge side were initially hesitant over extending the 28-year-old's deal but a compromise has been accepted.The pay rise will give him the stage share with the club's highest earner England teammate Frank Lampard.The Blues skipper, a target for Manchester City, will now see his weekly wage increase from £130,000 to £150,000.
The news comes as a crushing blow to Eastlands boss Mark Hughes.Despite City's willingness to pay £40m for Terry, Hughes has once again been snubbed by a top transfer target.
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