The Football Association of Ireland has agreed a new two-year contract with Republic of Ireland manager Giovanni Trapattoni and his assistant Marco Tardelli.
The new deal was announced in a statement today and will begin in July 2012, continuing until the end of the World Cup 2014 qualifying campaign. Fitness trainer Fausto Rossi will also continue in his role.
Businessman Denis O'Brien has agreed to continue paying some of the manager's salary, which is reported to be worth around €1.7m a year to the Italian.
Trapattoni secured his new contract on the back of Ireland's successful qualification for Euro 2012, with the draw for next summer's competition taking place in Kiev on Friday.
Commenting via an official FAI statement, the 72-year-old said: "I am very happy to continue my job with the FAI. I have always said that Marco and I believe very strongly in the work that we are doing to grow and develop the Irish team.
"It is a huge honour and a privilege to represent the Irish team and we look forward to continuing this important task."
FAI chief executive John Delaney said: "On behalf of the FAI Board of management, we are very happy to agree a contract extension with Giovanni Trapattoni and his team of Marco Tardelli and Fausto Rossi.
"They have done fantastic work with the squad, bringing us to qualification for a major tournament for the first time in ten years, increasing our world ranking to 21st and introducing many new players for the future.
"Giovanni’s experience, professionalism and achievement in qualifying for Euro 2012 has impressed everyone including the players and the FAI Board."
Commenting on O'Brien's financial support, Delaney added: "The FAI Board of Management are particularly grateful to Denis O’Brien for his continuing contribution which gives the Irish team and supporters the benefit of Giovanni’s services into the next World Cup campaign."
O’Brien also commented on the deal. He said: "Giovanni Trapattoni has done a tremendous job in bringing Ireland to qualification for the Euros for the first time since 1988.
"His professionalism, experience and close working relationship with the players has developed a squad which has grown in self-belief and determination.
"The squad is showing plenty of potential for further improvement during the coming campaign. I am delighted to continue my partnership with the FAI, Giovanni Trapattoni and the Irish squad."
FAI President Paddy McCaul said: "I am delighted that we have been able to retain the services of Giovanni Trapattoni. He brings a wealth of experience and a great working relationship with the FAI and the players.
"The fact that we have gone into the last two campaigns as third seeds and have finished second in both, as well as being seeded for the play-offs in EURO campaign, speaks volumes about his ability to deliver.
"I would like to congratulate Giovanni, Marco and Fausto on this renewed appointment and thank Denis O’Brien for his continued generosity."