Mauricio Pochettino will become one of the highest paid managers in English football after he signed a new contract with Spurs. Photo:

Tottenham boss Mauricio Pochettino has signed a new contract worth £42.5million, making him one of the best-paid managers in the Premier League.

The Argentine has agreed a five-year deal, worth around £8.5million a year, to end speculation about his future.

Confirming he was staying, Pochettino said: ‘I am honoured to have signed a new long-term contract as we approach one of the most significant periods in the club’s history. Now I’ll be the manager who leads this team into our new, world-class stadium.

‘This is just one of the factors that makes this one of the most exciting jobs in football and we are making plans to ensure we continue to build on the great work everyone has contributed to over the past four years.

‘Daniel (Levy, Tottenham’s chairman) and I have spoken at length about our aspirations for this football club. We both share the same philosophies to achieve long-term, sustainable success.

‘This is a special club — we always strive to be creative in the way we work, both on and off the pitch, and will continue to stick to our principles to achieve the success this club deserves.’

Sportsmail revealed on May 15 that Pochettino was set for a significant rise on his previous £5.5m-a-season salary. He now has a wage closer to the best in the top flight.

Manchester City’s Pep Guardiola and Manchester United’s Jose Mourinho earn around £15m, while Antonio Conte’s Chelsea deal is worth around £9m.

The news comes as a huge boost for Spurs ahead of next season.

Pochettino has a reputation as one of the best young managers in Europe. Chelsea and Real Madrid have shown interest in the South American, but any moves will now be shelved with Pochettino committed to the north London club until 2023.

Pochettino’s first-team staff of Jesus Perez, Miguel D’Agostino and Toni Jimenez have also signed new terms and Spurs will turn their attention to strengthening their squad.

Pochettino has requested at least £100m to sign fresh talent this summer. Wilfried Zaha, Anthony Martial and Ryan Sessegnon are on his radar as Spurs seek a marquee signing ahead of the move to their new stadium next season.

Levy said: ‘I am delighted that we have agreed a new, extended contract with Mauricio. We have been on an extraordinary journey and the times ahead look even more exciting as the club enters the next phase in its history.

‘Mauricio has fostered an incredible team spirit and has embraced a style of play our fans have loved watching. I know they will welcome this commitment.’

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