Manchester City’s coach Pep Guardiola will stay two more seasons at the Etihad stadium after penning a new contract extension on Thursday.

The new deal will quell speculations about the Spaniard’s future as reports suggested he would depart after seeing off the remaining seven-months in his initial five years contract.

Guardiola who has guided the blue half of Manchester to back-to-back Premier League will have another opportunity to guide City to their first-ever Champions League trophy.

Every attempt by the Spaniard and his squad have been squashed with three consecutive eliminations in the quarter-finals of the last three seasons.

“Manchester City are pleased to announce that Pep Guardiola has signed a new two-year deal with the club,” a statement on City’s website said.

The new contract of the 49-year-old who joined City in 2016 will run till the summer of 2023 with more trophies expected to be added to the six major trophies, including two Premier League titles he already has.

&”Ever since I arrived at Manchester City I have been made to feel so welcome in the club and in the city itself – from the players, the staff, the supporters, the people of Manchester and the chairman and owner,” Guardiola said.

“Since then we have achieved a great deal together, scored goals, won games and trophies, and we are all very proud of that success.

“Having that kind of support is the best thing any manager can have. I have everything I could possibly want to do my job well and I am humbled by the confidence the owner, chairman, Ferran [Soriano] and Txiki [Begiristain] have shown in me to continue for two more years after this season.

“The challenge for us is to continue improving and evolving, and I am very excited about helping Manchester City do that.”