The Chelsea ownership is changing hands after nearly two decades under Roman Abramovich after the Russian billionaire was sanctioned by the UK government over links to Vladimir Putin.
At least four bids were made for the European champions before Friday's deadline.
The True Blue Consortium is made up of ex-players, entrepreneurs and fans.
"Chelsea has been such an important part of my life for 22 years," said Terry.
"I want to see the club's history and heritage protected as we go into a new era with like-minded people who have the same long-term vision of building the best football club in the world and understand how important our DNA is.
"Having met with and heard what the True Blues Consortium is about, I know they understand. They're a group of lifelong Chelsea fans and season ticket holders who have created a concept that will complement and assist any preferred bidder running the club while adding fan connection and engagement with the board.
"This innovative structure is designed to be inclusive of all Chelsea fans and protect our club.
"I'm thankful for the Chelsea Pitch Owners and Chelsea Supporters' Trust's time and support on this and we hope we will be welcome investors into the club's new structure."
Terry spent 19 seasons as a player in the Chelsea first team, making 717 appearances for the club and winning five Premier League titles, five FA Cups, three League Cups, one UEFA Champions League and one Europa League.
