Johannesburg - Carlos Queiroz will extend his contract as head coach of the Iranian national team on Thursday, Iran's Tehran Times reported late Monday evening.
According to the head of the Iranian Football Federation (IFF), Ali Kaffashian, Queiroz will continue in the role he has occupied since 2011.
The former Manchester United assistant has been strongly linked with the vacant Bafana Bafana post, a position he held between 2000 and 2002.
His contract with Iran ended after the 2014 Fifa World Cup in Brazil. Iran finished last in group F.
On June 20, in Brazil, Queiroz told the media he was stepping down for Iran.
But according to the Tehran Times, the IFF has announced it has reached an agreement with him.
As Bafana coach, Queiroz successfully guided South Africa to qualify for the 2002 Africa Cup of Nations and 2002 Fifa World Cup, but resigned from the post before the start of the global spectacle, following a public fallout with SA Football Association (Safa) hierarchy.
Safa are due to announce Gordon Igesund's replacement as Bafana head coach before the end of the month.