Diego Godín has rebuffed a big-money offer from Manchester City in order to stay at Atlético de Madrid, where he is one of Diego Simeone's on-pitch lieutenants. The club coached by Manuel Pellegrini had been willing to trigger the centre-back's €40 million release clause and tried to convince the Uruguayan by offering him a deal worth €6.5m a season.

The Citizens stepped up their interest in the defender over the last couple of weeks, but Godín has decided to spurn their advances and stick around at the Calderón. The 'Rojiblancos' are set to reward this show of loyalty by extending the 29-year-old's contract, which currently runs until 2018, and handing him a wage hike.

Though his new terms will remain a far cry from what was on the table at City, Godín is nevertheless appreciative of the effort Atlético have made to keep him sweet. The club is equally grateful to the former Villarreal star for turning down the opportunity to significantly boost his bank balance at the Etihad.

The details of Godín's new contract at Atlético have been finalised and the centre-half will put pen to paper in the coming days.