Martino led Paraguay to the quarter-finals of the World Cup for the first time in South Africa, but his future had been in doubt after reports he was set to stand down.

The Paraguay's football federation (APF) announced on Thursday they had given the 47-year-old three weeks to consider his future, and Martino has moved quickly to confirm he will stay.

Martino, who only signed a new deal in February, told Paraguayan television station Canal 9: "For me, it has been five months that the new contract has already been in order.

"However, after the Copa America a cycle will come to an end and I will leave my post."

Paraguay topped Group F, which also contained Italy, Slovakia and New Zealand, at the World Cup finals before losing to Spain 1-0 in the last-eight.