Scott's future has been speculated in recent months, with the Cats' premature finals exit prompting some to question his position as senior coach.
Geelong's 83-point preliminary final loss to Melbourne last month saw Scott's flag drought at the Cats mark a decade as he holds 12 months left on his current deal with the club.
The 45-year-old has managed to keep his side floating in the top eight of the competition for all but one season since claiming the 2011 premiership in his maiden campaign as senior coach.
Having lured high-profile stars to Geelong, the Cats have been able to continue their premiership contention, however a second flag for Scott has remained out of reach.
Now, according to The Herald Sun's Scott Gullan, Scott is set to ink a new contract extension and remain with the Cats in hope of securing another premiership.
Scott has seen the key names around him flipped since the Cats' 2021 season concluded, with several assistants departing Kardinia Park along with chief executive Brian Cook.
The Cats have welcomed triple premiership star James Kelly and former Blues and Adelaide star Eddie Betts to their coaching ranks, while former AFL football operations boss Steve Hocking has succeeded the departed Cook.
Scott currently holds a 179-2-80 record with Geelong and requires 44 games to surpass Reg Hickey on the club's all-time coaching games tally.