Branislav Ivanovic is sticking around at Stamford Bridge

Chelsea defender Branislav Ivanovic has agreed a year's extension to his contract with the option of another year, according to Sky sources.

Ivanovic's previous deal at Stamford Bridge was set to expire at the end of the season, but his new contract ties him to the club at least until the summer of 2017.

Chelsea have the option to extend his contract for a further year, which would take Ivanovic's stay with the Blues into its 10th year.

Widespread newspaper reports had previously linked the 31-year-old with a move away from Chelsea, with Inter Milan and AC Milan reportedly among the clubs interested in signing him.

Ivanovic joined Chelsea from Lokomotiv Moscow in January 2008 and has since made 341 appearances for the club, scoring 32 times.

The Serbia international has won two Premier League titles, four FA Cups, the Capital One Cup, the Europa League and the Champions League during his eight years with Chelsea.