Laudrup signs new Swansea contract
Laudrup had been linked with a move to several of Europe's top clubs after an impressive first season in charge at the Liberty Stadium.
The former Real Madrid and Barcelona star guided Swansea to their first major trophy in the club's 100-year history when they routed Bradford City 5-0 in the League Cup final and he has also earned plaudits for the team's eye-catching style of play.
Laudrup's deal was set to run out at the end of next season, but the Dane's decision to extend his contract until June 2015 will end fears he could be tempted away by an offer from a European superpower.
"We've started something this season that I want to continue," Laudrup told the club's website.
"I know there has been a lot of speculation (about my future), but I've always said that I am happy here and I never had any doubts I would stay."
Laudrup was reportedly drawing admiring glances from Real Madrid, Chelsea and Manchester City. But with a Europa League campaign lying ahead for Swansea next season, he wants to carry on the good work he has started.
"I am delighted to sign the new deal and I'm already really looking forward to next season," Laudrup said.
"I hope there will be some very exciting things happening with the team and with the club in Europe."
Swansea chairman Huw Jenkins had long made clear his desire to tie Laudrup to a longer-term deal and provide the club with more security, especially after losing previous manager Brendan Rodgers to Liverpool last year.
"This is a major boost for everyone involved with Swansea City, from the players, staff and board of directors through to the most important people of all, our supporters," Jenkins said.
"You can never guarantee how things will work out when you employ a new manager, especially after the success we've had in recent seasons, but I think everyone has seen for themselves that Michael has helped take this football club to another level."