Roy Hodgson successfully steered Crystal Palace to Premier League survival after his return to Selhurst Park in March to replace Patrick Vieira until the end of the season.
The 75-year-old led the team to 11th place, securing five wins and three draws in the 10 matches he oversaw.
Following Patrick Vieira’s departure, Hodgson’s remarkable efforts earned him the opportunity to stay at Selhurst Park.
His strong rapport with several key players in the Palace squad played a significant role in influencing the decision to extend his tenure.
Upon extending his stay in south London, the veteran manager said: “I am immensely pleased and proud to be extending my time at Crystal Palace, and I would like to thank the Chairman and Sporting Director for their continued faith in me.
“I know what a fantastic squad we have here. It’s a great blend of youth and potential, alongside experienced players with Premier League and international pedigree.
“I have spoken with the Chairman at length and we agreed that we must be ambitious in getting the most out of such talent.
As such, we have set ourselves the target of a top-half finish, which we believe is eminently achievable with such a fabulous group of players and the most magnificent supporters who get behind the team, week in, week out.”
Hodgson took over from Vieira in March on a short-term contract, with Palace picking up 18 points from his 10 games in charge as they comfortably stayed in the Premier League, eventually finishing 11th in the table.