Diego Simeone extends Atletico Madrid contract until 2027

Diego Simeone now becomes longest serving manager of Atletico

As of late, Diego Simeone, the head coach of Atletico Madrid, has reached an agreement to sign a new, long-term deal with the team.

Simeone's agent and sister Natalia spoke with the Atletico leadership on Monday afternoon, and early on Monday morning, it was rumoured that Simeone was getting close to signing a new contract this week.

There have been several stories on the duration of the contract being given; two and three years have been mentioned. However, according to RTVE, an agreement has finally been reached that will keep Simeone associated with Los Rojiblancos through 2027.

Simeone's major promise and indication that he has no plans to leave would be a four-year contract. Given the disagreements between Simeone and Felix, it might also signal the end of Joao Felix's project at Atletico.

More importantly, Atletico and their supporters would be ecstatic to learn that their most successful coach in history will be retained for a further four years.

Although he faced more criticism than ever during the previous season and his contract is up this summer, in the ten months that have passed, he has managed to inspire his team and turn them back into a formidable force.

Natalia Simeone and the CEO of Atletico have already met once; the first meeting was last Tuesday while the club was in Glasgow for a Champions League match against Celtic.

Simeone is willing to try to significantly lower his compensation because he is aware of the club's financial circumstances. The talks are going well, and if a new contract is agreed upon, he might remain with the team for 14 years, making him the most effective and longest-serving manager in Atlético's history.