Ivanovic had wanted a two-year deal as his contract expires at the end of the season

Branislav Ivanovic has agreed the terms of a contract extension at Chelsea and is likely to sign a one-year deal next month, with the option of a further 12 months if he plays a certain number of matches.

The vice-captain had wanted a two-year deal as his contract expires at the end of the season, but Chelsea offer only one additional year to players over 30. The Serbia right back, 32 next month, had received offers to sign pre-contract agreements for two-year deals with Inter Milan and Fiorentina.

Ivanovic is Chelsea’s third longest-serving player and the Barclays Premier League champions are eager to retain him. He is equally keen to stay at the club he joined in 2008. Ivanovic struggled for form at the start