Claudio Ranieri signs new contract with Leicester City

Leicester City manager Claudio Ranieri has put pen to paper and signed a new long-term contract with the defending Premier League champions.

The Italian, who agreed a three-year deal in what was a surprise appointment last summer, has now extended his stay at the King Power Stadium up to June 2020.

In his first season at the helm Ranieri was tasked with keeping the Foxes in the top-flight, however he conjured up one of the most staggering stories in football history - leading the 5000/1 outsiders to Premier League glory.

Leicester begin the defence of their crown on Saturday when they travel to new boys Hull, who are currently managerless and one of the favourites for the drop.

Ranieri's troops can currently be backed at a best-priced 33/1 (Betfred) to successfully defend their title, while could be worth a few pounds at 6/1 (Paddy Power) to finish in the top-4.

Elsewhere Ranieri can be found at 20/1 (Betfair) to win the LMA Manager of the Year award, whereas the Foxes are available at 33/1 to win the FA Cup and 25/1 (Bet365) to hoist the League Cup.

Leicester City boss Claudio Ranieri has signed a new contract up to 2020! #DillyDingDillyDong #LCFC pic.twitter.com/XSkK9Ie6iX

— The Sack Race (@thesackrace) August 10, 2016