Germany coach Joachim Löw will be handed a new contract as a reward for guiding the national football team to the World Cup semi-finals, the Bild newspaper reported on Friday.
The 50-year-old has been out of contract since June 30. Since replacing Jürgen Klinsmann as coach after the 2006 World Cup, he has taken Germany to the Euro 2008 final and this year's World Cup semi-final. Both times his side was beaten by Spain.
Although initial talks broke down earlier this year over financial disagreements and also Löw's desire to have more control over the Under-21 side, German Football Federation (DFB) president Theo Zwanziger is expected to rubberstamp the new agreement on July 30 at an executive committee meeting, according to Bild.
The new contract will see Löw - who has the best overall record for a German manager of 38 wins in 55 matches - take charge till Euro 2012.
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