Callum Hudson-Odoi has reportedly committed his future to Chelsea and agreed to a new five-year contract to stay at Stamford Bridge.
The 18-year-old is one of the club's most promising youngsters and will earn more than £100,000 a week on his new deal, according to Alistair Magowan at BBC Sport.
Hudson-Odoi enjoyed a breakthrough season under manager Maurizio Sarri last time out, making 24 appearances in all competitions and scoring five times before his campaign was ended by an Achilles injury.
However, Hudson-Odoi had to wait until April to make his first Premier League start for the club.
His frustration with a perceived lack of playing time saw him submit a transfer request during the January transfer window in a bid to force through a move to Bayern Munich, per Dominic Fifield at the Guardian.
Sporting director Hasan Salihamidzic confirmed the club were interested in the forward:
Sky Sports Premier League @SkySportsPL
"He's a player who we have a great interest in," said Bayern sporting director Hasan Salihamidzic. Bayern Munich have publicly confirmed interest in Chelsea's Callum Hudson-Odoi, following a fourth bid of £35m for 18-year-old. More here: https://t.co/USXKSxtP47 https://t.co/PDiJ7tHy11
A move failed to materialise during the January transfer window, but Bayern renewed their interest in the summer despite Hudson-Odoi's serious injury.
Chelsea rejected a bid of £22.5 million from Bayern in June, according to Gary Jacob at The Times.
New manager Frank Lampard made it clear he wants Hudson-Odoi to stay:
The 41-year-old appears to have gotten his wish in what will be a big boost to Chelsea ahead of the new season.
The club are unable to bring in fresh talent during the summer transfer window due to a transfer ban.
Hudson-Odoi showed last season he has the potential to become a key player in attack for the Blues.
His performances saw him called up to the England squad for the first time in March, and he made his debut as a substitute in a 5–0 UEFA European Championship qualifying win over the Czech Republic:
A promising season for the teenager ended on a sour note after he was forced to undergo surgery to repair a ruptured Achilles tendon suffered in a 2-2 draw against Burnley in April.
However, he has posted a positive message regarding his recovery in June:
Chelsea will be eager to get Hudson-Odoi back from injury and returned to the team quickly. Lampard looks ready to give his young players a chance to shine, which could allow the teenager to thrive at Stamford Bridge.