Terry told Chelsea TV: "Yes of course, I was on holiday when I got the call from Peter to tell me about Man City. I've been here for 14 years now, I want to keep it that way and win a lot more trophies here.
"Roman (Abramovich) was out of the country, I wanted to have talks with him and Peter, Peter was busy trying to do things for the Football Club so it's hard to get everyone together at the same time. I was on holiday and was due back four days later so we arranged to meet and we had a few meetings back in London and a couple here as well since we have been in America and finally it has all been resolved and we can move on now.
"Of course, I've known all along the outcome of all events, it's just a case of taking its time and getting it right. It's a case of doing things correctly and we feel as though from a club and personal point of view we have done things how we wanted to do things, we haven't reacted to the press and come out and done a statement to please them, we have done things right and that has been key because people have been out of the country, I've been trying to concentrate on pre-season and keeping fit, Peter has been away and it has been difficult to sit down and have proper talks but we can move on now."