Coventry City have announced that they have agreed a deal to remain at the Ricoh Arena until at least 2018.

The Sky Blues' existing deal at the ground was signed in August 2014 with a two-year extension option, and that has been exercised to ensure that the club will continue playing their home games there until the end of the 2017-18 season.

Coventry currently share the ground with Aviva Premiership side Wasps, who relocated to the area from their Wycombe base last year.

"We are pleased to reach an agreement to stay at the Ricoh Arena for the foreseeable future," read a statement from Coventry executive vice-chairman Chris Anderson.

"I have already said on several occasions that it is important for us to have security about where we are going to play football next year, and know our supporters and stakeholders join me in looking forward to an exciting second half of the season.

"I would only add that I appreciate the co-operative spirit in which we have come to an agreement with Wasps."

Coventry currently sit fourth in League One, five points off the summit having failed to win any of their last four games.