(CNN) -- Chelsea winger Florent Malouda has signed a new two-year extension to his current contract with the Premier League club.
Malouda has signed a contract extension with Chelsea after impressing under Guus Hiddink last season.
The 29-year-old Frenchman, who had two years remaining on his existing deal, has ended speculation over his future at Stamford Bridge by signing a new deal that will now keep him at the club until 2013.
Malouda, who enjoyed a fine end to the last campaign under interim coach Guus Hiddink, was linked with a move to AC Milan.
But a spokesman for Chelsea confirmed to Press Association Sport: "The club and the player have agreed terms on a new four-year contract."
Malouda had two years remaining on his existing deal and was expected to move on, especially when the London club were linked with a move for Russian Yuri Zhirkov. But the France international is now staying at Stamford Bridge.
"I can reveal that I have signed a new two-year deal with Chelsea," added Malouda. "I am staying. From now on, I have four years left on my contract.
"I know that every time the transfer window opens there are a lot of rumors and I hope in this one people will know what has happened."
Malouda had struggled to settle into English football following his $20 million transfer from Lyon in 2007.
But he returned to top form under Hiddink and eventually started 31 games for the Blues last term -- scoring seven goals including a crucial equalizer in the FA Cup semifinal against Arsenal.