The veteran defender’s previous deal was set to expire at the end of the season, leading to widespread speculation over his future at Stamford Bridge during the last few weeks.
A shock move to Premier League rivals Manchester City was mooted, whilst several Serie A sides are believed to have offered the Serbian international pre-contracts for the 2016/17 campaign.
But according to Sky Sports, Ivanovic – who was appointed vice-captain at the start of the season – has now agreed a one-year contract extension with the option of a further twelve months.
Upon signing the deal, the 31-year-old told Chelsea’s official website; “I have enjoyed so much success since moving to the club and I am determined to help the team achieve more in the last months of this season and next year as well.”
Meanwhile, BBC Sport report that West Ham attacker Mauro Zarate has completed a move to Fiorentina.
The 28-year-old often demonstrated great technical quality throughout his East London spell but managed just 22 Premier League appearances in two-and-a-half years, scoring five times in the process. Fiorentina’s interest in the Argentine was reported last week and they’ve now agreed a deal to bring him to Serie A.
The value of the transfer is unknown but Zarate wrote on Twitter following the move; “I would like to thank David Gold and David Sullivan for believing in me and for giving me the opportunity of playing at such a special club like West Ham. I would also like to thank my team-mates for the good times we shared and wish them the very best for the future, and especially I would like to thank from the bottom of my heart all the West Ham supporters for their unconditional support and affection, you are truly unique. Thank you all very much!”