Ranieri has previously stated his desire to retire at Leicester and now he wants a long-term contract.
Ranieri has spurred Leicester to the top of the league and seven points clear, as they aim to win their first EPL.
Leicester have won five in a row heading into Sunday’s visit of West Ham and manager Ranieri’s long-term desire to stay at the club is allied to his short-term goal of securing a guaranteed group-stage berth in the Champions League.
He said: “I’d like to stay [long-term]. If the chairman is happy then I’m happy.
“When you have a very good chairman, sooner or later, you build a good building. Everything starts from the boss.”
Speaking of his objectives for the remainder of the campaign, Ranieri added: “The next target is securing a place in the Champions League group stages, I love the Champions League music.
“We don’t achieve nothing yet. We have to fight to achieve. Football is very strange.”