Despite suggestions that he could be set for a move to Chip Ganassi Racing for 2009, Tony Kanaan has ended speculation about his future by inking a deal to remain with Andretti Green Racing.

Kanaan was reported to have opened talks about a move to Ganassi earlier this month, with speculation suggesting that the 2004 champion was being lined up to replace Dan Wheldon for the 2009 season.

Such a move could have left Wheldon struggling to find a drive as one of the highest-paid drivers in the series but he could now remain at Ganassi alongside Scott Dixon, with Kanaan having made a last-minute decision to remain with AGR; the Brazilian putting pen to paper on a five year extension to his contract.

"I went to bed on Wednesday night thinking about my career options but when I woke up Thursday morning I was convinced I wanted to stay with my guys at AGR," he told Speed TV. "I decided to stay with AGR and 7-Eleven and it's a good contract that should be my last one in Indy cars."

Ganassi admitted he was surprised by the news that Kanaan had elected to re-sign with his current team, having believed that he was set to get his man.

"It's unbelievable," he said. "I talked to him on Wednesday night and he said we were fine, we were great and we're a go.

"Then I get a call from his agent who says Tony has flipped and he's staying with AGR. He said something about Tony not liking one of the clauses in the contract but I didn't change anything."