The 64-year-old has been in management just short of 30 years in a career which has taken him all over Europe.
“I came here for a challenge and I would love to stay here for a long, long time,” said Ranieri.
“I want us to get in the top four because to play in the Champions League would be fantastic but it has to be slowly, slowly.
“I want to play in Europe and I want my players to achieve this goal, but you have to build slowly. The fans can dream, but not us.
“Now is a very good time for us. Things are going really well and every manager wants the fans to be happy.”
