Manchester City were hammered 4-0 by Tottenham at the Etihad Stadium, extending their losing run to five matches in all competitions.
Spaniard Guardiola's decision means he will spend more than a decade at the club he joined in 2016 and has led to a dazzling array of silverware, including six Premier League titles and one Champions League crown.
Manchester City have lost each of their last four matches in all competitions, and Pep Guardiola admitted he is worried.
City's 4-1 defeat to Sporting Lisbon on Tuesday was a third straight loss for the English champions -- the first time that has happened since 2018.
Pep Guardiola believes Manchester City will struggle to overcome a mounting injury crisis but encouraged the English champions to bounce back in Tuesday's Champions League trip to Sporting Lisbon.
Sporting Lisbon coach Ruben Amorim, who will take over at Manchester United next week, hailed Manchester City manager Pep Guardiola as the best in the world on Monday.
The defeat dropped City to second spot, two points behind Liverpool who recovered to beat Brighton & Hove Albion 2-1.
Pep Guardiola says Manchester City face an "emergency" in certain positions as he grapples with a punishing injury list ahead of Saturday's trip to Bournemouth.
"What can I say?," said the Spaniard. "First, to congratulate him and all his family and their friends, it's incredible news for him and for all of us."
Following a spell on the sidelines this season, Manchester City midfielder Jack Grealish has returned to the form he was in when the club won the treble last term, manager Pep Guardiola said ahead of Saturday's Premier League clash with Luton Town.
Manchester City boss Pep Guardiola hailed his side’s character after the Champions League holders played out a thrilling 3-3 draw at Real Madrid.
Guardiola said Madrid are a different proposition to last season.
Manchester City head into Saturday's Premier League clash at Crystal Palace three points off top spot but boss Pep Guardiola said his side's total focus remained on winning their last eight games rather than waiting for their rivals to slip up.
Manchester City can set themselves up to succeed once again on multiple fronts and lift their confidence for the season's run-in with a win over title rivals Arsenal in Sunday's blockbuster Premier League clash, midfielder Rodri said.
The Premier League returns this weekend after the final international break of the season, with a headline fixture on the cards as reigning champions Manchester City host Arsenal on Sunday.
FA Cup holders Manchester City will face Chelsea in the semi-finals at Wembley, while Manchester United's reward for their thrilling win against Liverpool is a meeting with second tier Coventry.
Real Madrid are a different side compared to last season thanks to midfielder Jude Bellingham's "obvious" impact, Manchester City manager Pep Guardiola said after his side were drawn to face the LaLiga club in the Champions League quarter-finals.
The Premier League's top three are separated by a single point with 10 games remaining as a thrilling battle between Arsenal, Liverpool and Manchester City looks set to go to the wire.
Liverpool captain Virgil van Dijk said a 1-1 draw against Manchester City, that left three sides separated by just one point at the top of the Premier League, was "bittersweet" for the depleted Reds.