According to several media outlets, including SABC Sport, it was understood Mngqithi was in the final months of his initial agreement with the Brazilians and that it would be expiring on 30 June.
Given this information, there was widespread speculation Mngqithi would be leaving Sundowns at the end of the 2022/23 season.
“I’ve said this before, Manqoba is contracted to Mamelodi Sundowns until 30 June 2024, so he has another season at the club,” said Mike Makaab.
"He is happy at Sundowns, and unless there is a change of heart. As it stands, Manqoba will be with Mamelodi Sundowns in the new season."
Mngqithi was demoted in October last year, with the Downs hierarchy dismantling the co-coaching arrangement with Rulani Mokwena, who subsequently took over as the sole head coach.
At times, Mngqithi has cut a lonely figure in the dugout, although that appears to be his natural demeanour as he’s always been the quieter of the two mentors.
The tactical team changes, with Steve Komphela elevated to being first team coach, have led to rumours linking Mngqithi with a move to rival DStv Premiership sides like AmaZulu and Kaizer Chiefs.
But Makaab insists there have been no officials discussions other than to confirm his client remains content at Chloorkop.
“No, there’s been absolutely no formal approach. There’s been many reports circulating, and I don’t have to tell you where there’s smoke there’s probably fire," he added.
"But, from our side, and I can only talk to you as Manqoba’s representative, he’s an incredibly professional person, softly spoken. If there is anything to be said, I can assure you that Manqoba and I will meet first and then we will go forward from that point onwards.
“Honestly, as it stands right now Manqoba is contracted to Sundowns until 30 June next year and he has full intentions of honouring his contract.”
SABC Sport reported on Friday that Mokwena is also on the verge of agreeing new terms with Sundowns as the sole head coach.
He took has a contract that expires in 2024, but his agent Steve Kapelushnick has confirmed the two parties are negotiating a new one.