Roy Hodgson will remain at Crystal Palace until the end of the 2020-21 season after extending his contract with the Premier League club.
The 72-year-old held preliminary discussions with chairman Steve Parish earlier in the term, with his previous deal due to expire at the end of the campaign.
A new contract was placed in front of the former England manager midway through February and he has now agreed to extend his stay at Selhurst Park.
Hodgson told the official club website: "I am delighted that the club and I have reached agreement to extend my contract.
"I am proud of what we have achieved since I was appointed two and a half years ago, and I look forward to us working together for the foreseeable future.
"Everyone knows how I feel about the club that I supported as a boy, I feel a special bond with the supporters and know that myself, the owners and the players are all working together to achieve the same goal."