PEP GUARDIOLA has reportedly agreed to extend his stay at Manchester City.

But his new contract does not include a break clause if City are relegated as punishment for the 115 financial charges tabled against them, according to The Guardian.

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Guardiola, 53, is understood to have agreed to extend his stay at the Etihad by a further year until 2026.

However there is no agreement in the deal for the Spaniard to simply walk away if City are relegated.

City are involved in a court battle with the Premier League over their alleged financial crimes, with the club denying all allegations.

Guardiola insisted he was looking forward to the beginning of the trial, despite one possible consequence being City’s expulsion from all domestic competitions.

However, SunSport understands that it is unlikely that that the Cityzens would be dumped from all competitions despite the rules allowing for it to happen.

But it has been reported that a one-off points deduction is not seen as “sufficient punishment” for City if they are found guilty of their alleged breaches.

Relegation remains a potential option and Guardiola was defiant when asked about the possibility of dropping to the lower leagues.

Asked if he would consider his position if City were relegated, he replied: “I will answer when I have the sentence.

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“You are questioning like we have been punished. And in the moment we are innocent until guilt is proved. I know the people want it. I know, I feel it. I will wait. Wait and see it and after the sentence has been done we will come here and explain it.

“But absolutely I will not consider my future [if] it depends on being here [Premier League] or being in League One. Absolutely. There is more chance to stay if we are in League One than if we were in the Champions League.”