Giovanni Trapattoni has agreed a contract extension which will see him remain in charge of the Republic of Ireland until the 2014 World Cup.
Trapattoni had made it clear to the Football Association of Ireland that he wanted to guide Ireland through the qualifying campaign for the World Cup but contract negotiations were put on hold until after the recent Euro 2012 play-offs.
Ireland reached the finals in Poland and Ukraine courtesy of victory over Estonia and the Italian, along with his assistant Marco Tardelli, has been rewarded for his success.
"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," FAI chief executive John Delaney said.
"They have done fantastic work with the squad, bringing us to qualification for a major tournament for the first time in 10 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."
Once again Trapattoni's deal will be part-funded by Denis O'Brien and Delaney offered his thanks to the businessman.
"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," he said.
Trapattoni will be 74 by the time the qualifying campaign for the World Cup ends but he believes he is the right man to lead Ireland to Brazil.
"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," Trapattoni said.
"It is a huge honour and a privilege to represent the Irish team and we look forward to continuing this important task."