Diego Simeone to stay at Atletico Madrid

Atletico Madrid president Enrique Cerezo has confirmed manager Diego Simeone will see out the remaining year on his contract at the club.

The Argentinian will this weekend take his team to their second Champions League final in three years and once again face bitter local rivals Real Madrid.

As well as his success in Europe's premier competition he has won La Liga, the Europa League and the Copa del Rey in his four and a half seasons at the helm.

The turnaround he has brought to the club has seen his name linked with a host of Premier League clubs but it appears English fans will have to wait a little longer to see Simeone in a Premier League dugout.

President Enrique Cerezo said on Thursday that the former Atletico player would remain at the club until at least June 2017, when his contract expires.

"Simeone will stay next season," Cerezo told Spanish radio station Cadena Ser.

Champions League final analysis

Guillem Balague on what to expect on Saturday night

Chelsea goalkeeper Thibaut Courtois, who played under Simeone in Madrid, says the coach is the key factor in the team's success.

"I remember his words two years ago, 'When you believe and you work it can be done'," Courtois told Onda Cero radio.

Simeone will stay next season

"Simeone knows how to motivate the group very well. Since he arrived Atleti have grown.

"Atleti have less talent than Barcelona, Real or Bayern Munich but they still beat you. The unity that Atletico have is very good."

Real Madrid are Sky Bet's 6/4 favourites to win the Champions League final within 90 minutes, with Atletico Madrid 11/5 while a draw and extra-time is a 21/10 chance. Those fancying a repeat of the 2013/14 final can back Real to win in extra-time at 10/1, while a penalty shoot-out is a 4/1 chance.