But in an emotional speech following a 1-1 draw with champions Leicester the Chelsea captain stopped short of saying he actually will sigh the new one year contract on offer.
Terry has been asked to take a hefty pay cut and is also considering a mega money move to the Chinese Super League.
Tearful Terry, 35, took the microphone on the pitch to speak to supporters, who chanted “we want you to stay” during and after the game for which he was suspended.
Terry – who has been at Chelsea since he was 14 – said: “We all want the same thing. For a very long time I’ve said I want to be here for the rest of my career.
“We’ve had a few days of speaking to the club. I want to stay. The club knows that, the fans know that.
“Chelsea is my life like it is yours. You’ve been a big part of the best moments of my life inside this stadium.”