Callum Hudson-Odoi is set for a major pay-rise with his new Chelsea contract.
The 18-year-old has reportedly decided to extend his current deal, which expires next summer.
Bayern Munich have ended their pursuit of the England international after learning of his decision.
Hudson-Odoi will now earn more than 100,000-a-week over the next five years, according to the Daily Mail.
New manager Frank Lampard has assured the talented winger that he remains a big part of his plans moving forward, once Hudson-Odoi returns from an Achilles injury.
