AC Milan president Silvio Berlusconi has confirmed Massimiliano Allegri will remain with the club as coach.
Speculation has been rife about the future of the 45-year-old, with reports suggesting he could be shown the door at the San Siro after a third-placed finish in Serie A this season.
However, following a meeting between Berlusconi, Allegri and vice-president Adriano Galliani Sunday, it was confirmed the coach will stay on in the role.
"We had a frank and cordial discussion with Galliani and Allegri in which we revisited and analyzed last season, and there was clarification on a few things," Berlusconi told www.acmilan.com.
"We reached an agreement on rights and obligations of the club to the coach and the coach to the club.
"Moreover, we also talked about the kind of game Milan will have to play next season and guidelines were drawn for the next transfer market.
"The relationship with the coach, which has never ceased, continues with absolute trust and mutual respect."
Allegri guided Milan to the league title during his first season in charge in 2010/11 and a runners-up spot the following campaign, and has become a firm favorite with the club's supporters.
