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Pep Guardiola declared himself “happy and excited” after signing a new three-year contract with Manchester City. worth around £60million.

Guardiola, who led City to the Premier League title this season with a record-breaking total of 100 points, has committed himself to the Blues until 2021.

And the City boss, who was on £15m-a-year under his original deal, has seen that figure rocket, making him the highest-paid boss in the Premier League and Europe.

Guardiola, 47, had one year left on his original deal, but has committed himself to City for a further two – making it the longest stint of his glittering managerial career.

City chiefs had been in talks with Guardiola and his representatives for several months about a new deal, which was finalised within the last 48 hours before the Spaniard went on holiday.

(Image: PA) (Image: PA)

“I'm so happy and excited. It’s a pleasure to be able to work here,” said Guardiola.

“I enjoy working with our players every day and we will try to do our best together in the coming years. As a manager, you have to feel good to be with the players – and I feel good.

“I will focus on the desire of my players to become a better team and every day that’s what I will try to do – to improve on the pitch and improve our players.

We have a young squad with an average age of 23 and we want to keep taking steps forward and maintain the levels we’ve achieved this season.”

(Image: REUTERS) (Image: AFP)

Despite his delight at committing to a new deal, Guardiola warned City he will walk away from the club the moment he feels he has lost the special bond he has built with his players.

Guardiola added: “The club know me and when I get the feeling that our relationship with the players is not good, I'm going to make a step back and another guy is going to come in to help the team, the club, the players, to maintain this high level we achieved in the recent past.

“The contract of the manager always depends on results. We've extended our contract by two years, so still three years, but we're dependant on results.

“What we have done in one year changed absolutely everything, but when we feel that it isn't going well, we're going to change and I'm going to take a step back.”

"I'm trying, with all my efforts and my desire, to avoid that and instead of making a step back, we're going to make a step forward."