Report: Chelsea want John Terry to halve his wages on new contract

Chelsea captain John Terry has reportedly been told that he must halve his wages if he wants a new contract at Stamford Bridge.

The Blues hierarchy are willing to offer the former England skipper a new one-year deal, but the defender must take a pay cut from £150,000 per week to around £75,000, according to The Mirror.

Chelsea have a policy of offering players over 30 a one-year deal on reduced wages, and the same rule applies to the 33-year-old Terry.

Galatasaray are said to be monitoring the situation closely.