The 35-year-old central defender, the most successful captain in Chelsea's history, was informed about the decision before last week's 1-0 league win over Arsenal.
     
"I was in last week before the Arsenal game and it (my contract) is not going to be extended," he said.

"It's not going to be a fairytale ending, I'm not going to retire at Chelsea. Ideally, I would have loved to stay, but the club's moving in a different direction. I needed to know now, like I have done every January, and sometimes it takes a couple of months to get done. Unfortunately, it was a 'no'."
    
Terry has been offered a faint glimmer of hope about his future at Stamford Bridge, where Dutchman Guus Hiddink has taken over as interim coach until the end of the season, following the firing of Jose Mourinho last December.
     
"They said that when the new manager comes in, things might change. It's a 'no' at the minute," Terry said.

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