Paul Scholes agrees to play another season with Manchester United

Sir Alex Ferguson has confirmed veteran midfielder Paul Scholes has signed a one-year contract extension with Manchester United.

After abandoning his retirement in January, there had been some speculation that the 37-year-old was deliberating whether to extend his career by an additional season.

However, speaking at this evening's Manchester United Player of the Year dinner, Ferguson told MUTV: "It has been done. He is staying."