Atletico Madrid president Enrique Cerezo has said that Diego Simeone will remain at Wanda Metropolitano "until the day he wants to leave" amid the recent speculation surrounding the Argentine.
The 53-year-old has been the head coach of the Red and Whites since December 2011, taking charge of 625 matches, boasting a record of 368 wins, 144 draws and 113 defeats.
Simeone, who is the longest-serving manager in La Liga, has won two La Liga titles, one Copa del Rey, the Spanish Super Cup, two Europa League titles and two UEFA Super Cups during his time with Atletico.
The Argentine has also reached two Champions League finals during a highly-successful period at the helm, but there has recently been speculation surrounding his future.
Atletico finished bottom of their Champions League group this season, which meant that they did not play any European football in the second half of the campaign.
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The capital giants have been in impressive form in La Liga in recent months, though, and they are currently battling Real Madrid for second position in the table behind Barcelona.
Simeone only has a contract at Wanda Metropolitano until next summer, but Cerezo has said that the Argentine will remain head coach of the club for as long as he desires.
"Simeone's arrival came because the team was not going well. We were lucky to meet Simeone, who had trained in Italy, and in Argentina," Cerezo told AS.
"It was a gamble, but we did not see it as a risk, because we were completely sure that he was going to do a great job, and he had shown his affection for the club.
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"He had high hopes of coming to Atletico. He came, but he came for good. It's been eleven years, and it is very difficult to have this length of stay in Spain and in Europe too.
"He has been fortunate that his work has been rewarded with titles. He will be a coach who will always remain in the club's memory.
"El Cholo will be here until the day he wants (to leave). The day he wants to leave, he will leave. Let it be within a long time, at least in another ten years."
Atletico played out a 3-3 draw with Espanyol in their last league game, and their final home fixture of the campaign will see them host Real Sociedad on Sunday night.
Simeone's side will then finish their season away to Villarreal next weekend, although it remains to be seen whether second spot is still open to them on the final matchday of the campaign.
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