Joachim Loew

Joachim Loew will extend his reign until 2020 amidst reports his new contract will be confirmed on Monday by the German FA.

He will pen a two-year extension to lead Germany to Russia in 2018 and European Championships in 2020. He will also receive a huge pay rise to 4m Euros ($4.4m) per year. His current contract earned him an annual salary of around 3m Euros.

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The 56-year-old, who took charge in 2006, led Germany to their fourth World Cup title in Brazil two years ago. The deal will make him the joint second-longest serving Germany coach. He will be equal with Helmut Schoen (1964-78) while Sepp Herberger holds the 28-year record, from 1936-64.

The DFB’s president Reinhard Grindel refused to comment when approached by SID, an AFP subsidiary. He is however believed to want to seal the deal before the FA meets in Erfurt on November 3-4.