Branislav Ivanovic set to pen new Chelsea deal this week

Chelsea full-back Branislav Ivanovic is set to put an end to the speculation surrounding his future by putting pen-to-paper on a contract extension this week, according to the Daily Mirror.

The 31-year-old is currently halfway through the final year of his deal at Stamford Bridge and has been tipped to move on with the likes of Manchester City, AC Milan, Inter and Zenit St Petersburg all thought to be monitoring his situation.

However, the Serbian international recently met with owner Roman Abramovic to hash out fresh terms and he is keen to remain in London where his family is settled.

The Blues have a policy of not handing long-term deals to players over 30, but the report is claiming that the two parties have come to an agreement to a 12-month extension with the option of another year depending on how many appearances he makes.

So far this season, he has featured 22 times after a spell on the bench at the beginning of the campaign.

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