Diego Simeone will remain manager of Atletico Madrid at least until 30 June, 2020 after signing a new contract.
The extension will see the Argentine manager continue on in a position that has already led to five trophies—including the La Liga title in 2014—and two trips to the Champions League final.
”The renewal of Diego Simeone is now a reality," Atletico confirmed in a statement.
Simeone is already in his seventh season at the helm of the club, making him the longest-serving manager currently working in La Liga.
“Only Arsene Wenger (at Arsenal) beats him in terms of elite European sides,” Atletico added.
The new contract comes after a period of uncertainty about the 47-year-old manager’s future. Despite having signed a new contract in 2015, Simeone negotiated a reduction in his contract—which would have seen him leave at the end of the current season—in September last year.
However recent signs have all pointed to a return to previous long-term plans.
"The journalists continually ask me if I am going to stay and yes I am going to stay," Simeone told fans at the end of last season. "And do you know why I am going to stay? Because this club has a future and that future is all of us.”
The news caps off a surprisingly positive summer for Atletico after it was hit with a transfer ban.
Although unable to sign new players, the club has succeeded in tying down important players Koke, Saul Niguez, and Antoine Griezmann (who was previously a much-touted target of Jose Mourinho’s Manchester United) to multi-year contracts.
Along with winning the league, Simeone has guided Atletico to success in multiple cup competitions. Under him, the Atleti have won the Europa Cup, UEFA Super Cup, Copa Del Rey, and Spanish Super Cup.
The two Champions League losses came at the hands of city and league rivals Real Madrid in 2014 and 2016.
The new season sees the club playing in a new home, at the 68,000-seat Wanda Metropolitano.
Atletico are currently fourth in La Liga, after having drawn 2-2 against Girona in their first match and winning 5-1 against Las Palmas.