A day after suspending and then sacking Thierry Henry, Monaco re-hired Leonardo Jardim, who they sacked three months ago.
There were 17 games remaining of the season, for Jardim to keep the club in the top flight. But for his first game in charge, on Saturday 26 January, Monaco lost 2-0 at Dijon.
French newspaper L’Equipe reported that Jardim met with club executives over a meal on Thursday evening to iron out his new deal, which they reported is a two-and-a-half-year contract.
Jardim was only sacked by Monaco three and a half months ago.
Monaco – who have signed Cesc Fabregas, Naldo, Fode Toure and Lyle Foster this month – were also knocked out of the Coupe de France on Tuesday night, losing 3-1 at home to Ligue 2 side Metz.