OFFICIAL: Ranieri signs four-year contract

Yesterday it was reported that the Italian had agreed a deal in principle with the Leicester board to sign a new deal, and it has now been announced that he has officially signed the deal. 

It is rumoured that one of the details of the 64-year-old's contract is that there will be no compensation due to Leicester should Ranieri want to leave the club for another team.

Leicester City Vice Chairman Aiyawatt Srivaddhanaprabha said: "Twelve months ago, we brought to Leicester City a man whose knowledge and experience, we felt, could lead us into the next phase of our long-term plan. What he would go on to help us achieve, in the time we have achieved it, has been beyond anything we could have anticipated.

"Claudio’s qualities, both as a man and as a coach, have been very clear since the moment he arrived – qualities that have helped Leicester City to progress on every level.

"We have strong foundations from which to keep moving our Cub forward and I’m delighted that Claudio will continue to be part of that journey".

Meanwhile, Ranieri said: "From the moment I talked to the owners about their vision for Leicester City, I knew it was something I wanted to be part of for a long time.

The energy that exists at this Club – from the owners and the staff, to the players and supporters – is something very special. I am very happy and proud that I will be part of it for years to come. 

"Last season, that spirit and our hard work helped us to achieve something magical. If we can continue to work hard, maintain our passion and continue to fight with all our hearts, I am sure we can continue to be successful together".