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Atletico Madrid president Enrique Cerezo: We have made an offer to Diego Simeone to be our new coach

Atletico Madrid president Enrique Cerezo has confirmed that he has offered Diego Simeone the chance to replace Gregorio Manzano as the club's new manager.

Manzano was relieved of his duties on Thursday afternoon, but speculation linking the Argentine with a return to the Colchoneros has been building since he resigned from Racing Club at the start of the week.

Cerezo, speaking at a press conference, affirmed that the former River Plate and Catania coach has been offered the job, and that a deal could be done in the next two days.

"He is the one we all want here. He would love to come," the president affirmed to reporters.

"We have sent him an offer and now we have to negotiate. Between this Thursday and Friday we will have our answer."

According to Ole, Simeone is expected to sign a contract by the end of Thursday, with a deal which will at first take him to the end of the 2011-12 season.

Cerezo added that Simeone's affection for Atletico is the major motivation for moving back to Spain.

"I think that it is a great choice for him, above all because of the hope and love for him here which makes him want to come," he explained.

Simeone took Racing to second in the 2011 Apertura, before walking out due to a dispute with president-elect Gaston Cogorno and the club's current administration.