TV chef Gordon Ramsay will sign an exclusive one-year deal to stay with Channel 4.
Despite his latest series, Gordon's Great Escape, not performing as well as expected, the broadcaster wants to keep him on and he is understood to have agreed in principle to a new contract, although the deal has yet been signed.
Unlike his previous multi-year deals, Channel 4 offered Ramsay a one-year extension to his golden handcuffs deal.
It is understood that Ramsay had exploratory conversations with ITV – which makes his hit Us show Hell's Kitchen – but has decided to re-sign to Channel 4.
Ramsay's current deal expires next month and according to sources the final details of the new contract, thought to be worth just under £1m, will be sorted out when he returns to the UK in a couple of weeks.