West Ham United co-chairman David Gold says the club will sit down with manager Sam Allardyce and discuss a new contract at the end of the season.
Gold is keen to retain the ex-Bolton Wanderers, Newcastle United and Blackburn Rovers boss, whose current deal at Upton Park expires in the summer.
"What we promised and, what Sam promised us, is that at the end of the season we would sit down and discuss Sam's position," Gold told talkSPORT.
"I'm very optimistic that Sam will be our manager next season. But we have to sit down. The agreement with the board was that we would sit down at the end of the season, not when we're safe - we are not mathematically safe as we speak."
It has been a relatively successful season so far for the East London outfit. After leading the Hammers back into the Premier League at the first time of asking following their relegation in the 2010/11 season, Allardyce has guided his side to a healthy 12th position so far this term, nine points clear of the relegation zone.
And, despite Gold’s hopeful aspirations over agreeing a new deal, he also conceded that there is a danger of other clubs coming in for the 58-year-old.
"There's always the danger that a bigger club comes in. There is that danger," he admitted.
"Having said that Sam has given his word that he will sit down and discuss his contract at the end of the season and I trust him."
West Ham have a week off following their 1-0 win over Stoke City, with would-be opponents Manchester United in FA Cup action this weekend. Their next match comes against Chelsea on Sunday, 17th March.
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