The new deal means he will stay with the Reds until 2013 - effectively meaning Ferdinand will spend the remainder of his career with United.

After originally joining the Red Devils in 2002, the former West Ham player has gone on to become one of the most accomplished defenders in the game.

Reds boss Sir Alex Ferguson said today: “Rio’s contribution this season has been a major factor in our outstanding defensive performance and I am delighted he has signed a new contract."

The manager also went on to fuel rumours that the 29-year-old has been earmarked as the club’s next captain.

Ferdinand has taken the skipper’s armband on a regular basis with Ryan Giggs used sparingly in the last few games and is likely to lead United into their Champions League final clash with Chelsea on May 21.

And though Gary Neville will be back from injury next season, the implication is as soon as the long-serving full-back stands aside, Ferdinand will get the job full-time.

Ferguson said: “Rio has matured into his role at the club and has shown, when needed, what a great captain and leader he can be.”

Coming just before United head out to Moscow, aiming to become European Cup winners for the third time, the news offers Ferguson and his men the perfect lift.

It also avoids the kind of long-running saga which characterised Ferdinand’s last contract talks.

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