The England captain ended months of speculation over his Stamford Bridge future by signing a new long-term deal at the club's Cobham training ground on the eve of their pre-season friendly against Rangers.

But while Terry cemented a contract, reportedly making him England's highest paid player on wages of around $325,000-a-week, his Chelsea team-mate Frank Lampard has yet to commit himself to a new deal.

Lampard has two years left to run on his current contract and apart from the uncertainty over his future, there is the issue of Dutch winger Arjen Robben's alleged move to Real Madrid.

Negotiations with the Holland international over a new contract at Chelsea are understood to be at an impasse with Madrid merely awaiting the green light from the Londoners before completing a transfer they have talked about for most of the summer.

Jose Mourinho will undoubtedly be delighted with Terry's decision to stay at the club as the Portuguese coach believes the centre-half has been pivotal in Chelsea's success since he took charge in the summer of 2004.

Mourinho also wants Lampard to stay and will be hoping that Terry's decision can provide the midfielder with the initiative to follow suit.

Terry, who is a doubt for the match at Ibrox with a toe injury, was linked with a number of top European clubs during the summer after talks over a new deal collapsed towards the end of last season.

Indeed, at one point, Terry insisted that negotiations had reached such a sticking point that it was down to Chelsea to re-open talks. The stumbling block appeared to be Terry's insistence on pay parity with top earners Michael Ballack and Andriy Shevchenko and the length of the deal.

Terry was holding out for a nine-year contract to take him to the end of his career but Chelsea insisted that five years was the maximum on offer.

But when Chelsea clinched the FA Cup final thanks to Didier Drogba's late winner over Manchester United and Terry became the first player to lift the trophy at the new Wembley, his mood softened.

After the game and again during international duty with England, the defender insisted he wanted to remain at the club and that a deal could be hammered out.

Those negotiations were taken a stage further on the club's recent American tour where Terry, accompanied by his agent, thrashed out the basis of the new contract with the club's chief executive Peter Kenyon.

Terry finally agreed to remain at Stamford Bridge until 2012 and admitted his relief that the whole saga had finally ended.

Terry said: 'I'm really happy this has now been concluded. There has been a lot of speculation but these things take time and I never had doubts that I wanted to stay at Chelsea and that the club wanted me to stay.

"I hope the fans can see that we are all trying to build something special here, both for now and for the future, and I want to be a part of that. I have been at Chelsea all my career and have the privilege of being captain.

"Now it's time to look forward to the new season which we are all very confident about."

Terry had just over two years to go on his previous deal, which is now superseded by the new one and a delighted Kenyon added: "This is an important day for Chelsea.

"This was the right deal for us and for John. As a club we are committed to try and keep our players together on long term deals and this was a natural progression from last season when other players also committed themselves for the long term.

"As captain, John is clearly a key player for Chelsea and also a great symbol of the club so naturally we are pleased this has been agreed."

Terry has been at the club since joining the youth system at age 14. He was voted the club's player of the year for the 2001-02 season and has led the club to two Premier League titles, two Carling Cups and an FA Cup triumph.

Now Kenyon must attempt to persuade Lampard and Robben to do the same or face the prospect of both players moving on.

Lampard has been linked with a move to Barcelona while Madrid continue to court the injured Robben.

He is unlikely to play against Rangers because of the same knee problem that prevented him from playing any part in the draw with Feyenoord in midweek.