Ronaldinho is lining up a new three-year deal at AC Milan, according to the playmaker's agent.
The Brazil midfield ace was heavily rumoured to make a San Siro exit this summer, with MLS outfit LA Galaxy and native club Flamengo apparently interested in his services.
However, the 30-year-old announced earlier this week he would see out his contract at Milan, committing himself to the Serie A club for at least another season.
Milan have made no secret of their desire to keep hold of Ronaldinho on a longer basis, and the player's agent and brother, Roberto de Assis, is hoping to reach an agreement on a contract extension in the near future.
"We are ready to respect the current contract and then we will talk about an extension," said De Assis.
"When we sit down at the table to extend his contract we will sign a deal which expires June 30, 2014.
"There won't be any problems. There's no rush, it's only a formality."
Ronaldinho, who joined Milan from Barcelona two years ago, netted 12 goals in 36 Serie A outings last season.
He will reportedly take a pay cut from his current €8million (£6.7m) a year to between €5 and €6m if the new deal is agreed.