The Argentinian coach appears to have opted against leaving the Estadio Metropolitan this summer despite another third place finish in LaLiga at the end of 2025/26.
The club will give him a transfer budget to work with, amid ongoing speculation over a double offer for PSG's Kang-in Lee and Roma playmaker Manu Kone, but Simeone is also being pragmatic with his budgeting.
Reports from Diario AS indicate Bayern Munich enforcer Leon Gorettzka is back on Simeone's radar with his contract in Bavaria expiring at the end of the month.
The Germany international is expected to move on from the Allianz Arena, after failing to reach an agreement over an extension with Vincent Kompany's team prior to the 2026 FIFA World Cup, and no update from Germany's camp.
Atletico attempted to sign the 31-year-old last summer, but he opted to remain in place and see out the final year of his contract with the Bundesliga champions, but both parties are open to reviving the link.
Offers are also expected to land from the Premier League and Serie A in the coming weeks, so Atletico may need to move quickly, but a deal could free up funds to be spent on either Kone or Sporting CP captain Morten Hjulmand.
If Simeone is able to land either of his central midfield targets, that could edge club captain Koke closer to an exit, with the veteran reportedly considering an offer from MLS side Atlanta United.