The Italian arrived at City in December 2009, after Mark Hughes was unceremoniously sacked by the club, and the former Inter boss has since brought in several big names and delivered qualification to the Champions League.
He also oversaw the ending of a 35-year-long trophy drought, as the Eastlands outfit won the FA Cup last season.
Now Mancini has set lofty aims for his squad as he hopes to earn a new contract by taking the club to unprecedented heights.
“I haven’t spoken to the club about a new contract but if they are happy with me this season then I am sure we will talk,” said Mancini, according to The Mirror.
“I like this job and I would like to stay longer than two more years. I have a good feeling with the squad and the owner, and I like being in Manchester.
“I am working to make Manchester City the No.1 club. I want us to win the Premier League and the Champions League.
“This is our first season in the Champions League, but why can’t we win it?
“Nottingham Forest were the champions of Europe and also Aston Villa, so a club like Manchester City can do it too.”