Liverpool captain Steven Gerrard has had a dramatic change of heart and decided to stay at Anfield.
Chelsea looked set to land Gerrard after having an initial £32m bid rejected by Liverpool.
But Gerrard has another change of heart after talks with chief executive Rick Parry, who said: “He realises how much the club means to him.”
Gerrard is now expected to sign the new contract on offer worth £100,000-a-week, a deal he initially snubbed.
Parry had admitted defeat in the battle to keep Gerrard at Liverpool on Tuesday, but emerged on Wednesday morning to reveal the sensational twist.
He said: “Stevie’s decided to stay. It’s a little bit like last year, only even more dramatic.
“In the language he used to us, he never said he wanted to go. He never said ‘I wanted to go’.
“I think in the last 24 hours he has reflected on it, he’s thought it through and he wants to stay.
“There were lots of late-night phone calls and early morning phone calls. I couldn’t be more delighted. It is what we wanted all along.”
And he added he expected no problems over the new contract, saying: “I think that’s already hammered out. I don’t think there is an issue with that any more.”
Talk about a roller-coaster…..