But after winning just four of his first 20 matches in charge, it seems highly unlikely that the 41-year-old former striker will get the opportunity to see out that deal.
According to The Mirror, Monaco are ready to sack Henry and are lining up predecessor Leonardo Jardim as a possible replacement.
It is claimed that Henry will be told in the next 48 hours that he is no longer the man to lead the Ligue 1 strugglers.
Jardim was sacked in October following a poor start to the season but his overall record across four years is vastly superior to Henry's.
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