Chelsea Skipper John Terry signed a one-year contract extension with the club which will mark his 20th year in the club. Manager Jose Mourinho had recommended contract extensions for Frank Lampard and Ashley Cole as well.

Senior players John Terry, Frank Lampard and Ashley Cole’s futures were in dark as they were nearing the end of contracts in Chelsea colours. The trio’s contracts were set to run out next month and all of them made a lap of honour at Stamford Bridge after Chelsea’s last home match against Norwich City earlier.

Manager Jose Mourinho has been pushing for a new deal for the veterans and he has convinced the management to hand over a new one year deal for Chelsea skipper John Terry. It is rumoured to believe that a new deal is in place for Frank Lampard as well while Ashley Cole’s future remains in the open.

John Terry’s form had taken a dip under the reign of Rafa Benitez and it was Jose Mourinho who helped the veteran back to his best. The partnership between John Terry and Gary Cahill has been rock solid for Chelsea and it was a crucial element in Jose Mourinho’s second regime at Stamford Bridge. Chelsea skipper seems very happy and delighted with the new deal.

“I’m delighted to have signed an extension to my contract with Chelsea taking me into my 20th year with the club. I’d like to thank the fans and club for their continued support, and the manager who was instrumental for me the last season.”

Chelsea recently adopted a policy of handing one-year contracts to players over 30 and John Terry was delighted to grab the deal on similar terms to £175,000-a-week he currently earns. If he gets regular playing time, the incentives will take his earning near £200,000-a-week, which will make him one of the highest paid defenders in the world.

Chelsea chief executive Roun Gourlay said that John Terry will lead the side side next season. “We are very pleased John, who is an undoubted Chelsea legend, will continue to lead the team next season, as he has done for so many years with unrivalled achievement. Both Chelsea and John have been clear throughout that we wanted his outstanding career at the club to continue, and it is important the matter has been concluded so soon after the end of the season, allowing us to look forward to and plan for 2014-15.”

Chelsea are looking to retain Frank Lampard and Ashley Cole as well and their ambitious target this summer is Atletico Madrid striker Diego Costa. If the transfer window goes according to their plan, Chelsea might cash in on David Luiz to balance the Financial Fair Play rule books.