Monaco coach Didier Deschamps has ended speculation over his future by signing a new contract which will keep him at the club until 2007.
Deschamps, whose original deal ran until 2005, had been linked with a move to Chelsea, Juventus and the France national team.
"I have the sporting and financial guarantees allowing me to lead an ambitious project," he said.
"Our campaign last season must give us the ambition to do even better."
The 35-year-old joined the club three seasons ago and led the side to Coupe de la Ligue glory in 2002.
Against all the odds Monaco reached the Champions League final in Germany this year but were beaten by Porto.
"This puts and end to the rumours and proves our ambitions," the club said in a statement.
The news continues a good week for the club, who earlier announced a cash injection of £33.2m which wiped out their debts.
They had been banned from entering the transfer market for a year.
Deschamps, whose original deal ran until 2005, had been linked with a move to Chelsea, Juventus and the France national team.
"I have the sporting and financial guarantees allowing me to lead an ambitious project," he said.
"Our campaign last season must give us the ambition to do even better."
The 35-year-old joined the club three seasons ago and led the side to Coupe de la Ligue glory in 2002.
Against all the odds Monaco reached the Champions League final in Germany this year but were beaten by Porto.
"This puts and end to the rumours and proves our ambitions," the club said in a statement.
The news continues a good week for the club, who earlier announced a cash injection of £33.2m which wiped out their debts.
They had been banned from entering the transfer market for a year.
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