(PHP 4 >= 4.3.2, PHP 5, PHP 7)
imagesavealpha — Whether to retain full alpha channel information when saving PNG images
$image
   , bool $saveflag
   ) : boolimagesavealpha() sets the flag which determines whether to retain full alpha channel information (as opposed to single-color transparency) when saving PNG images.
   Alphablending has to be disabled (imagealphablending($im, false))
   to retain the alpha-channel in the first place.
  
imageAn image resource, returned by one of the image creation functions, such as imagecreatetruecolor().
saveflag
       Whether to save the alpha channel or not. Defaults to FALSE. 
      
   Returns TRUE on success or FALSE on failure.
  
Example #1 Basic imagesavealpha() Usage
<?php
// Load a png image with alpha channel
$png = imagecreatefrompng('./alphachannel_example.png');
// Turn off alpha blending
imagealphablending($png, false);
// Do desired operations
// Set alpha flag
imagesavealpha($png, true);
// Output image to browser
header('Content-Type: image/png');
imagepng($png);
imagedestroy($png);
?>