Swansea manager Garry Monk has signed a new three-year contract at the Liberty Stadium.
The Barclays Premier League club announced the news on their official website after the 36-year-old had been in talks with Swansea since the end of last season.
"As a club we are pleased to agree the new contract with Garry," Swansea chairman Huw Jenkins said.
Monk, who had two years left on his original deal, guided Swansea to a best Premier League finish of eighth in his first full season in charge last term with a record points total.
The 36-year-old – the youngest manager in the Premier League – joined Swansea as a player in 2004 and went on to make 270 appearances, becoming captain and playing his part in the club's rise through the divisions and Capital One Cup success in 2013.
Monk succeeded Michael Laudrup as Swansea manager in February 2014 and Jenkins said the new contract, which Press Association Sport understands includes a significantly increased release clause, is fully deserved.
"It's deserved reward for the fantastic season we've just had and all Garry's hard work, commitment and loyalty to our football club over many years," Jenkins said.
"We also feel it is vital to have stability within our football club, especially with Garry going into such a big season where the reward for remaining within the Barclays Premier League is going to be greater than ever in terms of finance and global exposure."
Monk, who was linked with West Ham and Sunderland last season, said he was delighted to sign the new deal and plans to build on last term's success.
"We've been talking for a while, mostly over the finer details, so I'm glad it's all finalised heading into a new and very important season for the club," Monk told swanseacity.net
"It hasn't been a distraction because I will always remain focussed, but it was a situation both myself and the club felt was important to get clarified before the season started.
"This is my 12th year at Swansea and I've always given everything for the club.
"Last season was fantastic and I learned a lot to take forward. But even with the success we all had, from the staff to the players, you can never afford to stand still.
"It's been a happy and productive 18 months so far for me as manager.
"I believe we have put good foundations in place, but now it's vital we build on that and push forward.
"It is probably going to be the most important and difficult season many clubs will face in the Premier League ahead of the new broadcasting deal."
200+ Channels With Sports & News
- Starting price: $33/mo. for fubo Latino Package
- Watch Premier League, World Cup, Euro 2024 & more
- Includes NBC, USA, FOX, ESPN, CBSSN & more
Live & On Demand TV Streaming
- Price: $35/mo. for Sling Blue
- Watch Premier League, World Cup & MLS
- Includes USA, NBC, FOX, FS1 + more
Many Sports & ESPN Originals
- Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
- Features Bundesliga, LaLiga, Championship, & more
- Also includes daily ESPN FC news & highlights show
2,000+ soccer games per year
- Price: $4.99/mo
- Features Champions League, Serie A, Europa League & NWSL
- Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
- Starting price: $4.99/mo. for Peacock Premium
- Watch 175 exclusive EPL games per season
- Includes Premier League TV channel plus movies, TV shows & more
- Southampton has early red flags in this Premier League campaign
- Sarr both Watford’s hero and villain in West Brom draw
- Everton sign England’s Coady on season-long loan from Wolves
- Dortmund complete Modeste signing from Cologne
- Darkhorse Denmark brings recent triumphs to World Cup 2022
- Former Man Utd star Giggs accused of ‘litany of abuse’ at assault trial
- Holders Wydad Casablanca among 58 CAF Champions League hopefuls
- 2022/23 LaLiga prediction: What will the final table look like?
- African players in Europe: Salah, Mane score as season starts
- Three talking points from the Premier League’s opening weekend