Melbourne Storm coach Craig Bellamy is reportedly nearing a new one-year deal to remain at the Victorian club for a 20th season.

As reported by News Corps' Phil Rothfield, the Storm are set to confirm the super coach's extension on Tuesday.

Rothfield's report suggests the 2022 season will be Bellamy's final as head coach of the Storm, likely stepping away and into a director of football role.

The 62-year-old is expected to head into a mentoring role at the Storm for a further four years after stepping aside from his coaching post at the conclusion of next season.

MELBOURNE, AUSTRALIA - MAY 09: Storm head coach Craig Bellamy looks at his paperwork during a Melbourne Storm NRL training session at AAMI Park on May 9, 2018 in Melbourne, Australia. (Photo by Michael Dodge/Getty Images)

Cronulla and Brisbane had been closely tied to the off-contract coach's services, with Bellamy offering an illustrious career in the Melbourne hot-seat.

Bellamy had also been linked to a venture with the NRL's imminent 17th club, which is set to be based in Brisbane and injected into the competition as early as the 2023 season.

The extension into coaching will also see Bellamy bring up game 500 as coach of the Storm, a club where he has won five Grand Finals and three premierships due to the club's salary cap scandal from the late 2000's.

MELBOURNE, AUSTRALIA - OCTOBER 02: Cameron Smith and Craig Bellamy of the Storm hold up the NRL premiership trophy during the Melbourne Storm NRL Grand Final celebrations at Gosch's Paddock on October 2, 2017 in Melbourne, Australia. (Photo by Quinn Rooney/Getty Images)

Bellamy is tipped to play a large role in finding his successor at the Storm, a role that hasn't be changed since Bellamy's appointment in 2003.