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Rio Ferdinand Signs One-Year Manchester United Contract (PICTURES)

23/05/2013 13:41 BST | Updated 23/05/2013 14:58 BST

Rio Ferdinand has signed a new one-year deal with Manchester United.

The defender, who joined the club from Leeds United for £29.1 million in 2002, retired from international football last week in what was an indication he would remain with United.

And the 34-year-old, selected in the PFA Team of the Year for this season, will begin a 12th season at Old Trafford this year.

Ferdinand said he was "living the dream" at United on Twitter.

"I am delighted to have signed for another year and I am looking forward to working with the new manager," said Ferdinand.

New United manager David Moyes added: "It is clear for everyone to see that Rio has had one of his best seasons with the club and I think even from the outside you can see what a big character Rio is around the dressing room, so I am delighted he has signed a new contract. I am looking forward to working with him."

The former England captain has won six Barclays Premier League titles, two League Cups, a European Cup and a Club World Cup in his 11 years with United.

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Ferdinand celebrates scoring the winner against Swansea two weeks ago

Ferdinand's winning goal against Swansea two weeks ago was his first goal in over five years for the Red Devils, in what was Sir Alex Ferguson's final game at Old Trafford.

He has been on a friend's stag celebrations in Marbella this week, however Ferdinand will be present for the start of pre-season training ahead of this summer's tour to Australia and the Far East.

The centre-back was enthusiastic about playing under David Moyes when asked whether he would extend his stay at United, saying he hoped Ferguson would "put a good word in for me" to his successor.

Ferguson said in April Ferdinand was likely to receive a testimonial this year.