Aleksandr Kolarov has agreed to a one-year extension to his contract with Inter, with the 35-year-old agreeing to a pay cut by 50% to stay on with the Nerazzurri.

This according to Sky Sport Italia transfer market expert Gianluca Di Marzio, who reports on his site that the deal to keep the Serbian at the Giuseppe Meazza will be at reduced terms.

The former Roma and Manchester City player is set to take home a net of €1.5 million plus add-ons, roughly half his salary from last season.

Kolarov’s deal from last season was set to expire at the end of the month, and it had been unclear whether the club intended to keep him on for next season.

However, the club eventually decided to offer the player a one-year extension on reduced terms, with the player thought to have more to contribute for at least one more season under new manager Simone Inzaghi.

The Serbian is also thought to have been considering an offer from Serie A club Bologna, but has decided on remaining at the Giuseppe Meazza for another season as his preference for the future.