The Wales international has extended his contract at Swansea City, having arrived in 2010 from Wrexham.
The Wales defender was virtually ever present for Swansea the season just gone, making 34 appearances in the league and 2 in the League Cup to banish the last couple of years of injury trouble the 26-year-old has been combating.
It led Crystal Palace to try and recruit the fullback, with the Londoners allegedly having a £3 million bid rejected in the winter transfer window according to the Guardian.
Alan Pardew was also said to be interested in pursuing Taylor this summer, as reported by the Star, but news of his contact extension has put paid to any hope the former Newcastle boss may have of bringing him to Selhurst Park.
Taylor suffered a broken ankle in September 2012, and upon his return had seen Ben Davies move in front of him for the Swans. Following Davies' transfer to Spurs last summer, the former Wrexham man has reclaimed his first choice role for Garry Monk's side, and he has helped the club to their highest ever Premier League finish of 8th place.
It would have been some surprise if Monk would have been open to selling Taylor, considering their own desire to strengthen the left-back position rather than weaken it, following Davies' sale.