Heart of Midlothian owner Vladimir Romanov will meet with Paulo Sergio next week to discuss a new contract.
The Portuguese tactician, who led the Jambos to victory in the Scottish Cup recently, is keen to sign a new deal at Tynecastle and has revealed that discussions will take place very soon although he has stressed that the financial situation of the club is a worry for him.
"I want to stay. I like the club and the city and the owners of the club also want to keep me.
"But I am concerned about being able to build a team with the planned budget reductions.
"I am worried about whether we can establish the objectives I want to achieve.
"Ideally, this should all have been sorted and I would be able to prepare pre-season. I must adapt but the situation is not ideal.
"There was a good balance to the team last season. We finished fifth to get into Europe and won the Cup after beating Celtic in the semis.""We will have a meeting early next week where everything will be settled," Sergio said.