"I have not yet talked about the new contract, but I'm happy to work here," Mancini told La Gazzetta dello Sport. "There is the basis to open talks. Sheikh Mansour sent me a message of congratulations. He was happy."
The 47-year-old has also refuted reports suggesting that Mario Balotelli could be sold in a swap deal for AC Milan's Zlatan Ibrahimovic.
"Ibra is a great player but I don't think Milan want to sell him," Mancini added. "I reiterate - Balotelli will remain at Manchester 101%."
Meanwhile, the English champions are believed to be closing in on Arsenal striker Robin van Persie.