Fabricio Coloccini has declared that he will respect Newcastle's desire to keep him and stay at St James' Park for at least another season.
Coloccini's future was plunged into doubt in January when it emerged that he was keen to return to Argentina for family reasons and go back to former club San Lorenzo.
Newcastle did not allow the defender to leave but it remained unclear what would happen in the summer as San Lorenzo kept tabs on the situation.
Coloccini has considered the matter carefully and has now given Newcastle a huge boost by pledging to repay manager Alan Pardew for the faith shown in him.
"I'm a grateful person and Newcastle have given me the opportunity of playing in the Premier League, which is the elite of football, so I will stay at Newcastle," he said in The Sun.
"I have talked many times with San Lorenzo about moving back with them.
"My desire is to move back but that's not going to happen next season.
"I didn't move to San Lorenzo last season because Newcastle didn't want me to leave.
"I'm not going to move to San Lorenzo now because Newcastle don't want me to go. I have to respect that decision."
The 37-year-old, who joined the Valiants from Notts County in January, scored 10 goals to help Vale secure promotion back to League One.
He told the club website: "I am really delighted. I had it in my contract that if we get promoted I get an extra year but I still had to agree on it, hopefully we will do well next season in League One.
"In League Two a lot of players make mistakes, in the top half of the table in League One you have got some quality teams in there and you've got some quality teams coming down now, with the likes of Wolves.
"It's going to be difficult, but I think if we get extra players in and we keep the squad of players we had last season hopefully we will do well."
