The Spain international, 28, has been heavily linked with a move to China but now looks likely to stick around at Stamford Bridge to become the club’s highest-paid player.
Costa’s new 220,000-a-week deal would see him move ahead of Cesc Fabregas in Chelsea’s pay scale and place him among the highest earners in the Premier League.
A £30m-a-year offer was put on the table by Chinese side Tianjin Quanjin and Costa looked as if he was heading towards the exit door.
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