Chelsea have begun negotiations with John Terry over a new contract, reports the Telegraph.

The Blues skipper is out of contract in the summer, and had been frustrated over the lack of discussions between himself and the club over a new deal. But reports are now emerging that Chelsea are finally ready to offer the captain a new contract.

Chelsea have a policy to only offer 1-year deals for players aged over 30-years-old, and Terry could be asked to take a pay cut from his £150,000-a-week wages in order to stay at Stamford Bridge. Whilst he has offers from abroad, the 33-year-old wants to continue talks with Chelsea to find a compromise.

Terry has been in fine form for Chelsea since Mourinho’s return to the club, with many pundits calling for the defender to come out of international retirement ahead of the upcoming World Cup. And with his strong performances a sign that Terry can handle top level football in his mid-thirties, the Englishman wants to stay at the club and prove his career is still going.

While his basic salary may be cut, Terry could be offered bonuses that would see his annual income increase. The defender may also be given an option for an initial one-year extension, that would see Terry automatically earn another 12 months based on a set number of appearances.

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