London, Feb 24 : Midfielder Paul Scholes has informed Manchester United boss Sir Alex Ferguson that he will sign a new one-year deal.
Scholes, 36, had hinted he could retire in the summer, but now he is poised to extend his Old Trafford career to a 17th season.
Ferguson convinced Scholes he has a vital role to play despite being limited to just 11 Premier League starts this term.
Scholes can expect to pick up bonuses along with a 60,000 pounds-a-week pay packet, The Sun reports.
Fellow veteran Ryan Giggs, 37, has also signed a new one-year contract.
But Ferguson could not stop defender Gary Neville, 36, from calling it a day this month.
Ferguson is convinced Scholes' experience, alongside the club's younger players, will be a huge asset next season. (ANI)