Callum Hudson-Odoi has reportedly agreed a new five-contract with Chelsea.
Various outlets in the UK have claimed the 18-year-old will earn close to £100,000-a-week.
Bayern Munich had attempted to sign Hudson-Odoi in January, but an offer of £35m was rejected by the Blues.
It is understood conversations with new manager Frank Lampard have assured Hudson-Odoi of his place at the west London club.
As such, one of England's brightest talents has decided to stay at Chelsea for the foreseeable future.