Mauricio Pochettino is set to remain on the south coast, after clear-the-air talks with club owner and non-executive chairman Katharina Liebherr.
The 41-year-old Argentine met with Ms. Liebherr on Thursday, following Wednesday night's announcement that Nicola Cortese had resigned from his position of Executive Chairman at Southampton Football Club.
It is understood that there had been an "irreconcilable" difference of opinions between Cortese and Liebherr over the future of the Premier League club.
Ms. Liebherr is the daughter of German-born Swiss businessman Markus Liebherr, who purchased Southampton in 2009 for a reported fee in the region of £14m.
Markus Liebherr passed away in 2010, leaving the club to Katharina as part of his estate. Since then she has continued to provide the financial support that her father pledged to the Saints.
During that time the club has broken its transfer record on three separate occasions, as well as earning two promotions. The club currently occupy 9th spot in the Premier League.
Cortese is thought to have tendered his resignation to Liebherr in October 2013, after disagreements in the summer over her involvement with the football club, which to-date, had been minimal.
Katharina Liebherr thanks Nicola Cortese for his work with the club in an official statement released on Wednesday night: "With great regret we have accepted the resignation of Mr Cortese. He has done a wonderful job and we very much wanted him to stay. A search has now begun for a successor. It is business as usual and we will ensure that the manager, team and staff at the club have all the help and support they need."
Liebherr has appointed herself as non-executive chairman, and informed supporters of the club that she intends to appoint a new Chief Executive, who will be tasked with the day-to-day running of the club.
Speaking at his pre-match press conference at St. Mary's Stadium on Thursday, Pochettino said: "I am staying as Southampton manager. I have a professional responsibility to everyone at the Club and the fans."
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