Chelsea have offered skipper John Terry a new contract.

The Times says Chelsea have offered Terry a new four-year contract worth £151,000 a week, which he is expected to sign before the start of the Barclays Premier League season in nine days' time.

The Chelsea captain publicly committed his future to the club last week by rejecting the opportunity to move to Manchester City and will be rewarded with an improved deal with an additional year, tying him to Stamford Bridge until 2013.

Terry's new deal will re-establish him as the highest-paid player at the club alongside Frank Lampard, who received a significant pay rise when he turned down the chance to join Inter Milan by signing a five-year contract with Chelsea 12 months ago.