The 62-year-old is confident he will be offered fresh terms after successfully guided La Roja through World Cup qualification.
The 62-year-old, whose current deal will expire at the end of the tournament next year in Brazil, expects the Spanish Football Federation to offer fresh terms as a reward for his side's successful qualification campaign - something which has been standard practice in the past.
"We're starting from a position which is not new," Del Bosque told reporters. "The Federation has, for many years, had a system where once qualification is achieved, they renew the coach's contract. There is no exception with me and the idea is to continue, although we know that things can wear over the years. However, that has not been the case with us, there has not been much wear."
The manager had many expectations on his shoulders, taking over after Spain won the European Championship in 2008, but Del Bosque has exceeded those expectations.
"When I arrived [in 2008], everyone told me that it was the worst time to take on the team - they had won a tournament," he said. "I thought it was the best time, as we had the momentum of having won the European Championship."
Del Bosque insists his side is fully capable of defending its crown next summer but has warned his players not to consider themselves favorites and risk building complacency.
"Our chances in Brazil? In football there are cycles and this is one for Spanish football. And we must take care not to step out of line," he added.
"We have to believe in ourselves, but not think that we are the best in the world, which is something I repeat."