(CNN) -- Beaten Champions League finalists Bayern Munich have received a boost with the news that French international winger Franck Ribery has signed a new contract with the club.
Ribery was forced to miss Saturday's Bernabeu final through suspension, and the German Bundesliga champions missed his attacking influence as they slumped to a 2-0 defeat.
However, less than 24 hours after that loss, the club's official Web site confirmed that Ribery had committed his future to the club -- ending speculation about a move to either Spain or England.
"We're delighted we've reached agreement on a contract extension with one of the world's best players. This is another signal of Bayern's ambitious targets for the coming years," commented Bayern chairman Karl-Heinz Rummenigge.
Ribery himself added on the club's official Web site: "My family and I are delighted that we're staying in Munich. The club has become a big family for me."
Although Ribery signed his five-year deal prior to Saturday's final, the news only became public on Sunday.
It means the 27-year-old, who is a member of France's squad for the World Cup finals, is now contracted to the Bavarian giants until June 2015.