Branislav Ivanovic has reportedly agreed a new one-year deal with Chelsea.

According to Sky Sports, Ivanovic is set to sign a new 12-month contract with the option of extending for a further year.

The 31-year-old right-back was set to come out of contract this summer but will now be tied to the Blues until 2017 once the deal is confirmed.

Ivanovic had recently been linked with Manchester City, Inter Milan and AC Milan but appears as though the Serbia international is set to commit to Chelsea.

Ivanovic arrived at Stamford Bridge from Lokomotiv Moscow in 2008 and has since helped the West London club win two Premier League titles, the Champions League, four FA Cups, the Capital One Cup, and the Europa League.