HUW Jenkins will open contract talks with Michael Laudrup in a bid to convince him to do a three-year stint as Swansea City boss.
Laudrup has stated that he is happy at the Liberty Stadium, but has stressed since the day he took over that he will not be around for the long term.
The 48-year-old has only 18 months to run on the two-year deal he signed when he agreed to succeed Brendan Rodgers last summer.
And Swansea are keen for Laudrup to commit to the cause for at least one more year.
"I think Michael has made it clear that he is happy here and that things are going along well," said Swansea chairman Jenkins.
"But he has also made it clear that he is not here for life either, so I think there's a balance to be found.
"If we can get through next season and then get another year out of Michael as well, so that he has spent three years with us at the very least and the club has moved forward, I think personally that would suit both parties."
Swansea have gone through their fair share of managers — Laudrup is the seventh since the club's current owners took the reins — although most of have left on their terms rather than been fired.
And Laudrup's coaching career has seen him have brief stints in charge at Getafe, Spartak Moscow and Real Mallorca.
But the Dane is enjoying life in SA1, having steered Swansea into the top half of the Premier League table with around a third of the season to go and led the club into a first ever major final.
Laudrup is also relishing the chance to have a major say on transfer policy — and being given some money to work with — for almost the first time as a manager.
"I want to see where we are with Michael," Jenkins added. "He has got another year with us on his contract, but over the next few weeks I will talk to his agent and go through things with him.
"I am confident Michael will be on board with the idea of staying for another year on top of his current deal."
A contract extension for Laudrup would mean yet more good news for Swansea fans in what has been another year of progress at the club.
His successes in Wales have already seen him touted as a potential candidate to take over at Real Madrid and Chelsea.
Laudrup has indicated he is not driven by a desire to manage one of the top clubs having enjoyed such a magnificent playing career.
But a new deal would give Swansea added security should one of Europe's giants come calling.
Laudrup, meantime, is monitoring the fitness of Michel Vorm (knee) and Leon Britton (ankle) ahead of Saturday's home clash with Queens Park Rangers.