Callum Hudson-Odoi has agreed to stay at Chelsea for now after meetings between his representatives and club managing director Marina Granovskaia.
But the 18-year-old is not signing a new contract and is still expected to join Bayern Munich in the summer.
The player submitted a transfer request at the weekend after telling Chelsea that he believed his development would be better served in the Bundesliga.
Chelsea manager Maurizio Sarri has yet to start him in the Premier League.
Hudson-Odoi, who scored in the 3-0 win over Sheffield Wednesday in the FA Cup on Sunday, still believes that Bayern will offer him more opportunities after seeing how Sarri views his development and how other prospects at Chelsea have been hampered in the past.
Chelsea still hope he will sign a new five-year deal worth £80,000 a week but his current contract runs out in the summer of 2020 and with just one year left on his deal, Chelsea will have to accept substantially less than the £35m Bayern have offered this month.