The Italian coach’s current deal is due to expire after the tournament in Ukraine and Poland next year, along with assistant manager Marco Tardelli.
However, given the emerald isle’s star performance in European Championship qualification, the 72-year-old wants a contract extension.
“We said we did not want to put any pressure on the FAI but in the future, we will talk about this. It was important for us to have clarity,” he told Sky Sports.
“We are all responsible people and we were aware that had we failed with qualification, things could have gone differently. But now, there is clarity on both sides.
“I have said I think we deserve a new agreement, Marco and myself. We are now happy with the squad. We find new players in almost every game.
“We have done what we were asked to do by the FAI and the Irish people. They chose us for this reason and I think we have given the perfect answer with qualification,” he concluded.
By Gareth McKnight