The head coach of Spurs will remain next season.
There was some doubt about the Italian staying on despite the fact that Spurs qualified for the playoffs.
The news that the owners of the club were injecting money into the club has allayed fears that the club would not meet the demands of the coach.
The director of football met with the coach in Italy on Friday and he re-affirmed his commitment to the club.
It's not clear if Conte will be willing to extend his contract.
The current contract has an option to be extended for another 12 months.
In November of last year, he took over at Spurs and guided the club to a fourth-place finish in the league.
He seemed to suggest that he was unhappy with the situation at the club as recently as February.
After the team's fourth loss in five games on February 22nd, they said they were frustrated and that they were ready to go.
He appeared to question Spurs transfer strategy in an interview with Sky Italia, but later said that his comments had been mistranslated.
He said he was very happy after the north London derby win against Arsenal.
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