Valencia have agreed to extend the contract of coach Quique Flores.
The 41-year-old made a favourable impression in his first season at the Mestalla last term, guiding his side to a third-placed finish.
By securing UEFA Champions League football, Flores ensured that his initial one-year contract was automatically renewed for a second season.
However, Valencia are pleased with his progress and have now agreed on a two-year deal that will run until June 30, 2008.
The outstanding details of the agreement were resolved in a meeting on Tuesday and he should put pen-to-paper in the near future.
Flores is looking to strengthen his side ahead of their return to the Champions League next term and has been linked with a host of players, the latest being Feyenoord's Dutch international midfielder Romeo Castelen.
However, in a rather surprising twist, one player Flores seems prepared to sacrifice is Argentine schemer Pablo Aimar.
Aimar is under contract until 2008 and is a big favourite with Valencia fans, but his coach is reportedly ready to cash in on him to revitalise his squad.
The former River Plate star has been linked with a move to Liverpool to be reunited with Rafa Benitez, and the Reds boss is sure to be interested if the little South American does become available.