Wallabies winger Peter Hynes has spurned a big offer from the Melbourne Rebels and interest from overseas to re-sign with the Queensland Reds for another two years.

The news is a massive boost to Reds coach Ewen McKenzie's improving young squad, as well as the Australian Rugby Union.

Hynes, the Wallabies Test rookie of 2008, was seriously considering leaving Australia before next year's Rugby World Cup, due to a modest initial offer from the ARU.

The Reds were considered just a 50-50 bet of keeping the home-grown product midway through this year's Super 14, where he starred in a new role at fullback. He consistently beat a swag of tacklers on swerving kick returns.

Hynes debuted with the Reds in 2003 and has 86 caps to his name.

His decision to stay at Ballymore leave the Rebels high and dry after they targeted him as a prime signing for their inaugural season in the 2011 Super 15.

Hynes said the decision to stay in Brisbane had actually been an easy one despite the interest from the Rebels.

"There are a lot of things to play for and there are a lot of things I want to achieve in the next couple of years," he said in a statement.

"It was an easy decision to stay in Queensland. I want to be part of the Reds becoming a dominant force in Super Rugby and my goal is to win a Super 14 title.

"I've also got a personal goal of playing 100 caps for Queensland. That's very important to me."

Reds coach Ewen McKenzie believed locking in Hynes for the next two seasons will help the franchise build on its encouraging 2010 campaign.

"Hynes is a really important piece of the jigsaw," McKenzie said.

"He's one of the most experienced backline players we've got and that gives us a really good mentor with some young guys coming through."

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