Three-time premiership coach Damien Hardwick is set to sign a three-year contract with Richmond, keeping him at Punt Road until the end of 2024.

The club have been working with Hardwick's management towards an extension for months, with the 48-year-old's existing contract set to run out at the end of this season.

Hardwick is already the longest serving Richmond coach in history, with this deal set to take him to 15 years in the top job.

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In an interview with AFL.com.auย earlier this year, Hardwick expressed his interest in staying at Richmond.

"I've been at a lot of footy clubs and been very lucky to be in footy a long time, but I love the yellow and black. They're just such an incredible organisation but they've got an incredible fan base as well." Hardwick said.

"I'd like to end at Richmond.

"Win, lose or draw we've had people come into our organisation and you wouldn't be able to tell if we've won or we've lost. We want you walking in with a smile and out with a smile. As soon as it becomes not fun, that's the day I reckon we'll be leaving the building."

Hardwick had previously signed a contract extension in 2018, after leading Richmond to their first premiership in 37 years in 2017, before winning back-to-back flags in 2019 and 2020.

Richmond was forced to defend Hardwick during the pre-season after it was revealed he was in a relationship with a younger staffer. The club confirmed that the two had not breached club policy.

The Tigers are set to unfurl their two latest premiership flags before their season opening clash against the Blues on Thursday Night.

It will be the first Richmond game at the MCG in front of fans since their win over Greater Western Sydney in the 2019 Grand Final.