Simeone, 46, has been in charge at Atletico since 2011 and has developed into one of the world's most highly rated coaches.

Under the Argentinian, Atletico has won a UEFA Europa League, a league title and numerous cups, while reaching two UEFA Champions League finals.

Although he may be wanted by numerous European giant, Simeone said coaching Real Madrid was out of the question.

"I will never coach Real Madrid," he told Onda Cero. "It is logical because of feelings. They wouldn't call me either.

"I am young, maybe someday I will lead another Spanish team."

The former Argentina international reiterated his desire to one day coach the national team.

Simeone said: "At some point, I would like to coach Argentina, but I have to improve as a coach.

"I would like to do it in the final stretch of my career."