Neil Taylor has signed a new deal with current club Swansea, ending speculation about a move to Newcastle United, Sky Sports has revealed.
The four-year deal has come just a week after the Swans turned down a £1 million offer for the 22-year-old, a figure that strongly contested by both clubs as the Npower Championship play-off winners looked to retain one of their promotion heroes.
The Magpies argued that the offer should release Taylor from his contract due to a buy-out clause in his previous deal, but Swansea disagreed.
The matter was passed on to a Premier League arbitration panel, but Brendan Rodgers has stepped in to ensure the Welsh international, who has three caps for his country, remains at the Liberty Stadium.
Rodgers said: "There's been a lot of things written about Neil and I feel really sorry for him. Of course I can understand a young player having his head turned by interest from a club of the status of Newcastle United and the wages on offer.
"I've had numerous conversations with him while we were in different parts of the world over the summer and he always made it clear that this is where he wanted to be.
"For a young player I think this is a great club to be at and he has a manager that wants him here."
Swansea chairman Huw Jenkins waded into the debate last week, valuing his treasured defender at £10 million, ten times the figure offered by Newcastle boss Alan Pardew.
The valuation came just one year after the Swans signed Taylor for just £150,000 from Wrexham.