Reports: Chase Utley, Phils agree to two-year contract extension

Fans of other teams hoping Phillies second baseman Chase Utley would become a free agent at season's end and take his talent elsewhere received some bad news Wednesday.

According to MLB.com, Utley and the Phillies have reached agreement on a contract extension.

CBSSports.com reported that the contract extension is a two-year, $27 million deal heavily loaded with vesting options. The amount is similar to a report last week of Utley and the Phillies discussing a deal that was worth $13 million per season.

A five-time All-Star and four-time Silver Slugger, Utley, 34, is in the final year of a seven-year, $85 million contract.

Utley has struggled at times the last few seasons due to injuries, primarily his knees. Thus far this season, he's missed 28 games with a rib injury.