The England and Wales Cricket Board is to hold talks with Duncan Fletcher in an attempt to secure the long-term services of the national team coach.
Fletcher, who has been in the job for almost six years, is on a rolling contract and there has been rumour he will step down after the Ashes.
But ECB chairman David Morgan said: "It's important we look at Duncan's career plan with him.
"In business terms, he's a senior manager and we don't want to lose him."
At Morgan's request, Fletcher will meet with ECB chief executive David Collier and John Carr, the head of England team affairs.
"We want to make the best use of his talents going forward," Morgan told The Sunday Times.
"David and John will be working out with Duncan a career plan for him, as we do with all senior people.
England's captain and coach have developed a good relationship
"The England head coach should be the subject of that same process in order that we demonstrate the value we place on him.
"He's a thoroughly good bloke and a top operator. He's a vital part of the England team and I'm sure he's going to be with us for a long time to come."
Fletcher had been linked with the vacant South Africa post, but Morgan brushed aside speculation that the Zimbabwean could quit after the summer.
"I can't believe that," Morgan said.
"I've had no indication that he's thinking about a change. His enthusiasm seems to be as high as ever.
"I'm sure he's ready to give the Ashes series and Bangladesh his best shots."
Fletcher, who is thought to earn an annual salary of around £200,000, has taken England from the bottom-ranked Test team to number two in the world.
He forged a close working relationship with former captain Nasser Hussain, and is doing likewise with current skipper Michael Vaughan.
Vaughan told BBC Sport he hoped Fletcher would commit his future to England.
"He's played a huge role in the progression of the England team," Vaughan said.
"He plays a massively important role off the field with plans and his coaching ability and probably doesn't get the credit which he fully deserves.
"I certainly hope he gets his pen and signs a contract which keeps him with England for a few years yet."