Manchester City have announced that Roberto Mancini has signed a new deal to remain as manager at the Etihad Stadium until 2017.

Mancini had been strongly linked with the role of Russia boss following the departure of their head coach Dick Advocaat at the end of Euro 2012.

The Russian Football Union (RFU) is set to release a list of candidates on Tuesday and it had been expected that Mancini's name would be included.

Reports had suggested that Russia, with the help of oil giants Gazprom, were ready to break the bank to land Mancini as they build towards the 2014 World Cup qualifying campaign.

However, they will have to consider other options as Mancini is not available after agreeing a new long-term contract with Manchester City.

The Italian has been in charge of the club since replacing Mark Hughes on a three-and-a-half year deal in December 2009.

There have been times when his position as manager has come under scrutiny, but City have made considerable progress over the past couple of seasons.