Chairman Khaldoon Al Mubarak has ended speculation surrounding Roberto Mancini's future after claiming he will remain Manchester City manager for "many years".
The Italian's future at Eastlands has been brought into question following his failure to secure Champions League football for next season.
However, Mubarak claims Mancini's job is not under threat just six months after arriving in the hot-seat as Mark Hughes' successor.
"Roberto's going to do a wonderful job for us for many years," he told the club's official website.
"Roberto is our manager. He's done an excellent job coming in mid-season, organising the team. I'm very happy, and (owner) Sheikh Mansour's delighted with the way he's organised the team.
"We believe he is definitely the right manager for this club for many years. What he needs this summer is time to prepare and really organise ourselves.
"We know the areas that need to be improved within the club. A good pre-season followed with a good start to the season and I'm really excited for next year."
Wednesday's 1-0 defeat to Tottenham ended City's hopes of a top four finish this season, but Mubarak is still content with the progress made during the past 12 months.
He added:"It's been a wonderful season. We've gone a long way as a team and I feel very good about next year because we've crossed an important milestone as a club. Next year's going to be a very important year for us.
"It's been an incredible season. We can focus on last night or we can focus on the season as a whole – I prefer to do that.
"Fifth is not where we would like but it's a major jump. It's a major achievement for this club to move from 10th to fifth place."