Simeone has impressed since arriving as coach of the Spanish side just over a year ago.
AS report that the Argentine, whose contract is up in the summer, is now set to conclude an agreement on a deal which will keep him in Madrid until 2017.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.