Anelka all set to stay at Chelsea for another two years

London, May 6 (ANI): French striker Nicolas Anelka is all set to stay at Chelsea for another two years after getting an extension to his existing contract after the FA Cup final.

Anelka has agreed a deal, which will keep him at Stamford Bridge until 2013, but will see no great advance on his 80,000 pound-a-week wages.

Anelka, who has scored only one goal in his last 17 games, had one year left on his contract and seemed expendable in any planned summer clear out.

But he does not want to move and is ready to accept younger players being brought in to provide increased competition, the Daily Express reports.

"At the end of the season every contract will be discussed, but I want Nicolas to stay," Chelsea boss Carlo Ancelotti said.

Michael Ballack has also been offered a one-year deal with a one-year extension, but wants a straight two-year contract.

Schalke coach Felix Magath, whose club are set for Champions League football next season, hopes to lure him home.

"I think Michael Ballack would be willing to accept a drop in salary for the chance to return to Germany," said Magath. (ANI)