Diego Simeone plans to remain with Atletico Madrid next season.
There has been talk of the Argentine leaving at the end of this campaign.
Simeone will fulfill his contract which runs to June 2024, says El Periodico de Espana.
Club sources say Simone has agreed to drop his wages for the year from 20m to 16.5m The decision from Simeone was required given the club's financial concerns.
Simeone is now the coaching appearances record holder at Atletico.