Paris Saint-Germain defender Alex has revealed he is close to agreeing a new deal to stay at Parc des Princes.
The Brazilian defender has had a successful period in the French capital since joining from Premier League side Chelsea in 2012. His current contract is set to expire at the end of the season and has subsequently been linked with a number of interested clubs.
However, Alex says he has no intention of leaving the Ligue 1 outfit and believes he will sign a new contract within the next week.
"I am very happy in Paris and it's almost certain for me to renew the contract," he told Globo Esporte.
"I believe that in one or two weeks I'll sign the agreement to extend my contract for another year."
The news of Alex's impending renewal will be a blow to both Manchester United and AC Milan, who had both been linked with an interest in the 31-year-old.
Old Trafford boss David Moyes saw Alex as a good replacement for the outgoing Nemanja Vidic, providing a wealth of experience and allowing young stars Phil Jones and Chris Smalling to grow into the role as a long-term successor.
Vidic has already agreed to sign for Inter Milan when his contract expires at the end of the season but Moyes would have been boosted by news that Rio Ferdinand intends to extend his time as a Red Devil.
Manchester United have also been linked with a big money move for Porto stalwart Eliaquim Mangala, who is also wanted by rivals City.