Callum Hudson-Odoi has signed a new five-year contract with Chelsea worth more than £100,000 per week, taking his commitment to his boyhood club to 2024.

The forward’s future was the subject of great speculation last season, and Chelsea were forced to rebuff the advances of Bayern Munich in order to keep the teenager.

But Hudson-Odoi, 19, has watched as manager Frank Lampard’s new policy of promoting youth has seen fellow academy graduates like Tammy Abraham and Mason Mount flourish, and wants to stay and fight for his place in the first team

He is currently out of action after suffering an ankle injury in April, but is set to return to training in the coming weeks.

“It’s an amazing feeling,” Hudson-Odoi said after signing his contract. “It’s been a long wait but it’s done now and I’m really happy about that. I’ve been a Chelsea player since I was eight and this is the right club for me to be at.

“I want to lift as many trophies as possible, win as many games as possible and contribute to as many goals as I can as well. As a team, we just want to work hard to achieve the best results we can. I’m delighted everything has been agreed and now I’m just looking forward to properly getting back.”

Chelsea vs Valencia player ratings Show all 14 1 /14 Chelsea vs Valencia player ratings Chelsea vs Valencia player ratings Kepa 6 Soccer Football - Champions League - Group H - Chelsea v Valencia - Stamford Bridge, London, Britain - September 17, 2019 Chelsea's Kepa Arrizabalaga gestures REUTERS/Eddie Keogh EDDIE KEOGH REUTERS Chelsea vs Valencia player ratings Cesar Azpilicueta 6 Soccer Football - Champions League - Group H - Chelsea v Valencia - Stamford Bridge, London, Britain - September 17, 2019 Chelsea's Cesar Azpilicueta reacts Action Images via Reuters/Tony O'Brien TONY O'BRIEN Action Images via Reuters Chelsea vs Valencia player ratings Andreas Christensen 6 Soccer Football - Champions League - Group H - Chelsea v Valencia - Stamford Bridge, London, Britain - September 17, 2019 Chelsea's Jorginho, Andreas Christensen and team mates look dejected after conceding their first goal REUTERS/Eddie Keogh EDDIE KEOGH REUTERS Chelsea vs Valencia player ratings Kurt Zouma 6 epa07849314 Chelsea's Kurt Zouma in action during the UEFA Champions League Group Stage H soccer match between Chelsea and Valencia at Stamford Bridge in London, Britain, 17 September 2019. EPA/NEIL HALL NEIL HALL EPA Chelsea vs Valencia player ratings Fikayo Tomori 7 LONDON, ENGLAND - SEPTEMBER 17: Rodrigo Moreno of Valencia battles with Fikayo Tomori of Chelsea during the UEFA Champions League group H match between Chelsea FC and Valencia CF at Stamford Bridge on September 17, 2019 in London, United Kingdom. (Photo by Bryn Lennon/Getty Images) Bryn Lennon Getty Images Chelsea vs Valencia player ratings Mracos Alonso 6 LONDON, ENGLAND - SEPTEMBER 17: Marcos Alonso of Chelsea crosses the ball during the UEFA Champions League group H match between Chelsea FC and Valencia CF at Stamford Bridge on September 17, 2019 in London, United Kingdom. (Photo by Richard Heathcote/Getty Images) Richard Heathcote Getty Images Chelsea vs Valencia player ratings Jorginho 6 Chelsea's Jorginho (left) and Valencia's Geoffrey Kondogbia battle for the ball during the UEFA Champions League Group H at Stamford Bridge, London. PA Photo. Picture date Tuesday September 17, 2019. See PA story SOCCER Chelsea. Photo credit should read: Nick Potts/PA Wire Nick Potts PA Chelsea vs Valencia player ratings Mateo Kovacic 5 Chelsea's Croatian midfielder Mateo Kovacic controls the ball during the UEFA Champion's League Group H football match between Chelsea and Valencia at Stamford Bridge in London on September 17, 2019. (Photo by DANIEL LEAL-OLIVAS / AFP)DANIEL LEAL-OLIVAS/AFP/Getty Images DANIEL LEAL-OLIVAS AFP/Getty Images Chelsea vs Valencia player ratings Willian 5 LONDON, ENGLAND - SEPTEMBER 17: Willian of Chelsea controls from Gabriel Paulista of Valencia during the UEFA Champions League group H match between Chelsea FC and Valencia CF at Stamford Bridge on September 17, 2019 in London, United Kingdom. (Photo by Richard Heathcote/Getty Images) Richard Heathcote Getty Images Chelsea vs Valencia player ratings Pedro 6 epa07849513 Chelsea's Pedro (C) in action against Valencia's Goeffrey Kondogbia (C-R) during the UEFA Champions League Group Stage H soccer match between Chelsea and Valencia at Stamford Bridge in London, Britain, 17 September 2019. EPA/NEIL HALL NEIL HALL EPA Chelsea vs Valencia player ratings Mason Mount 6 Chelsea's Mason Mount sits on the pitch after being fouled during the Champions League Group H soccer match between Chelsea and Valencia at Stamford Bridge stadium in London, Tuesday, Sept. 17, 2019. (AP Photo/Frank Augstein) Frank Augstein AP Chelsea vs Valencia player ratings Tammy Abraham 5 Chelsea's Tammy Abraham looks on after failing to reach a cross during the UEFA Champions League Group H at Stamford Bridge, London. PA Photo. Picture date Tuesday September 17, 2019. See PA story SOCCER Chelsea. Photo credit should read: Nick Potts/PA Wire Nick Potts PA Chelsea vs Valencia player ratings Ross Barkley 3 LONDON, ENGLAND - SEPTEMBER 17: Ross Barkley of Chelsea (8) misses a penalty during the UEFA Champions League group H match between Chelsea FC and Valencia CF at Stamford Bridge on September 17, 2019 in London, United Kingdom. (Photo by Richard Heathcote/Getty Images) Richard Heathcote Getty Images Chelsea vs Valencia player ratings Olivier Giroud 6 Soccer Football - Champions League - Group H - Chelsea v Valencia - Stamford Bridge, London, Britain - September 17, 2019 Chelsea's Olivier Giroud comes on as a substitute to replace Kurt Zouma Action Images via Reuters/Tony O'Brien TONY O'BRIEN Action Images via Reuters

Chelsea director Marina Granovskaia said: “Callum showed last season just what a thrilling talent he is. We are delighted he has committed to Chelsea and we are all excited about the prospect of seeing him continue to blossom in the years ahead.

“The club has already been rewarded this season by some brilliant performances from our young Academy graduates, and Callum’s new contract guarantees Frank has another outstanding prospect at his disposal.”

His manager Lampard added: “I have seen Callum come through and he’s a fantastic talent. He is going to be central for us on the pitch and that is the opportunity in front of him now.

“There are things as a young player that he will want to improve but he can be central to this team and for England. I want to work with him, I want to drive him forward and I want to improve him as a player.