There has been shock news today as, despite ongoing reports suggesting that Pep Guardiola has agreed to become Manchester City‘s new manager next summer, Manuel Pellegrini has put pen-to-paper on a new two-year contract extension at the Etihad.
— Manchester City FC (@MCFC) August 7, 2015
— Sky Sports News HQ (@SkySportsNewsHQ) August 7, 2015
At the end of July, reports emerged that Guardiola would see out the final year of his deal at the Allianz Arena before replacing Pellegrini in Manchester.
However, a statement on the Citizen’s official website confirmed that Pellegrini’s contract now runs until June 2017 after discussions throughout the summer finally reached their conclusion.
Ferran Soriano, Chief Executive Officer of Manchester City said: “We are delighted to reach this agreement with Manuel Pellegrini who has already contributed so much to the development of Manchester City in his first two years with us and we look forward to further progress in the seasons ahead.
“This agreement allows Manuel to focus on the challenge of guiding a team capable of both fighting for domestic titles and competing for European honours.”
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City kick off their 2015-16 Premier League campaign with a trip to face West Bromwich Albion on Monday 10 August before a mouth-watering clash with reigning champions Chelsea six days later.