AC Milan defender Thiago Silva has spurned the attentions of PSG and Barcelona and has signed a new deal that will keep him at the San Siro until June 2017.
Thiago Silva, 27, is highly-rated in Italy and has risen to become one of the best defenders in world football after arriving at Milan in January 2009 from Fluminense.
The Brazilian centre-back was linked with a summer move to PSG, who made a €46 million move for him last month. However, he has now agreed a new deal running for another five years.
Milan owner Silvio Berlusconi confirmed: "Thiago Silva is staying at Milan'' while an AC Milan statement said that the club have extended the player's contract until June 30, 2017.
It read: "An important decision (has been) taken in difficult times and faced with a unique economic proposal. Thiago Silva is not simply a champion who tackles and wins back the ball, who, with his team-mates, wins, draws or loses the match. Thiago Silva himself embodies the class and style of Milan, the charisma of a club that loves the game but also the result and behaviour.
"And so his stay with the Rossoneri, decided by president Berlusconi, preserves the Milan identity.''
Thiago Silva was a key part of the club's success in winning the 2010-11 Serie A title and told the club's official website: "I want to make history in Milan, like Franco Baresi and Paolo Maldini.''
His decision to stay is a major coup for the club as they look to reclaim the Serie A crown they lost to Juventus last season.