Chelsea and Terry have agreed to a one-year extension and will play for the side at least one more season, reports the Daily Mail.

Reports suggested that Terry would be forced to take a cut in pay to be able to continue playing, but new information suggests his agreed upon wages will not be too far away from what he is currently paid. This contract will take the veteran defender into his 20th year with the London club.

Terry picked up a knock in training Thursday and he could be held out of Sunday's season-finale at Cardiff City, the club's official web site reports.

The re-arrival of Jose Mourinho last summer completely reinvigorated Terry, who had one of his best seasons to date this year. In all likelihood, he's headed for a contract extension that will keep him at Stamford Bridge for at least one more season.

Terry returned from an ankle injury to start and play all 90 minutes of Chelsea's 1-3 Champions League loss to Atletico Madrid on Wednesday.

Manager Jose Mourinho had originally stated that he thought Terry wouldn't return until the Champions League final, so it was surely good that he was able to return more than three weeks ahead of that timeframe. Unfortunately, he wasn't able to slow the Atleti attack much, and he could be limited in Sunday's match against Norwich after such a grueling midweek performance.

Terry (ankle) confirmed that he is seeking to sign a new contract with Chelsea and finish his career with the club, according to Sky Sports.

The veteran defender's contract expires at the end of this season, and speculation has started to grow about where he will end up playing next year. He missed last week's match against Liverpool with an ankle injury, but looks like he is fit to play in the Champions League on Wednesday after declaring himself fit.

Terry, who suffered an ankle injury last week in the first leg of Chelsea's Champions League semifinal tie with Atletico Madrid, will start Wednesday's second leg, the club's official web site reports.

This is a very surprising development after manager Jose Mourinho all but ruled Terry out until the Champions League final, which isn't for another three-and-a-half weeks. If he can make it through unscathed, he could play this weekend against Norwich City in a return to Premier League play.

Terry, who had all but been ruled out for the season with an ankle injury, surprisingly returned to training Tuesday, ESPN FC reports.

Manager Jose Mourinho had previously said that the earliest Terry could return would be for the Champions League final, so his return Wednesday against Atletico Madrid in the second leg of their semifinal tie would be a huge boost for the Blues.

Terry suffered an ankle injury in Tuesday's Champions League match against Atletico Madrid and he will miss the rest of the Premier League season, the BBC reports.

Manager Jose Mourinho said Terry may be able to play in the Champions League final, if Chelsea get that far, although that is nearly two weeks after the Premier League final. It's a huge blow to Chelsea's title chances, especially ahead of this weekend's match against Liverpool at Anfield.