Inter Milan manager Walter Mazzarri has signed a one-year extension to his current contract, keeping him at the Serie A outfit until the end of the 2015-16 season.
The news was announced on the club's official website, where Mazzarri is quoted committing himself to returning the club to its former glories:
First of all I'd like to thank president Erick Thohir. He's shown once again that he believes in me and the project we began a year ago. I hope to be able to repay the faith shown in me with my work on the pitch. I'll do everything in my power to get Inter back where the club belongs in Italy and Europe.
The 52-year-old took over from Andrea Stramaccioni before the start of last season, but a fifth-place finish in Serie A had led to speculation that Thohir may look to replace Mazzarri with Clarence Seedorf, per Football Italia.
The 38-year-old Dutchman was let go as manager after a short but relatively successful stint in charge at AC Milan, per Opta:
However, it has since become clear the former Napoli boss will stay in charge of the club, now targeting a return to the Champions League—in which they have not competed since the 2011-12 season—and the top of Italian football.
The last three seasons have seen them finish sixth, ninth and fifth respectively in Serie A—hence their absence from the Champions League—which is a poor return for such a reputable club.
As recently as 2010, they won both the Champions League and Serie A under manager Jose Mourinho but have been in a period of decline over the last four years.
Mazzarri's contract extension is a vote of confidence in his ability to rebuild the club, but he is unlikely to last very long unless Inter start well in the upcoming season.
If there is no significant improvement in the 2014-15 season, there is little chance of Mazzarri surviving in his role until the end of his contract.