Outgoing champions Germany failed to qualify for the knockout stage of the FIFA World Cup after finishing bottom of Group F.

Earlier, media reported that Low had spent five days thinking about his future and eventually decided to stay with the national team and that the German Football Association (DFB) backed his choice.

"I am happy that we can continue on our long successful path with Jogi Low. I believe that together we will regain our strength," Neuer said as quoted by the DFB website.

According to DFB, Low and Germany manager Oliver Bierhoff will team up to conduct an in-depth analysis of the squad's unsuccessful performance at this summer's tournament and will present their report to the DFB in the next few weeks.

"I am glad that Low will continue leading the team. Yesterday we stayed together for a while and I felt that he is full of energy to carry on. After 14 years of successful work, we need to reshape our structure and think about further changes," Bierhoff said.

Low took charge of Germany in 2006 and steered the team to victory at the 2014 World Cup and 2017 Confederations Cup. Under his management, the team also finished runners-up at Euro 2008 and claimed the third place at the 2010 World Cup in South Africa.