Defending champions Germany failed to qualify for the knockout stage for the first time in history after finishing bottom of Group F, where they had lost to Mexico and South Korea.

Earlier, media reported that Low had spent five days thinking about his future and eventually decided to stay with the national team. In May, the 58-year-old specialist extended his contract with DFB till 2022.

"In a personal conversation with the head of the German Football Association, Joachim Low has confirmed that he wants to continue his work as the national team's head coach and would like to rebuild the team taking into account the upcoming tasks," the DFB said in a statement.

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.