Appointed on a four-year deal in the summer of 2024, Bellamy made an impressive start as Wales head coach, his first senior managerial role.
The former captain was unbeaten in his opening nine matches, winning promotion to the Nations League's top tier and instilling an attacking new style of play.
However, his first qualifying campaign ended in failure as Wales lost their World Cup play-off final at home to Bosnia-Herzegovina in March.
Bellamy has often been linked with a move into club management, and he has been open about his desire to make that switch after leaving Wales.
However, leading Wales at Euro 2028 - a tournament they will co-host with England, Scotland and the Republic of Ireland - is a huge incentive for him.
There have been no formal bids for Bellamy yet, and any potential suitor would have to pay a release clause of at least £700,000 to get him out of his contract with the FAW.
"I couldn't see it being fair for me to walk away. That's not right," said Bellamy.
"I had one or two players ringing up like, 'Is this true?'. Listen, we're not going anywhere. We're going again, we've got another two years.
"I've always wanted to do this role, so I don't want to wish this away. I get great backing, you know, and that's all I can ask for."

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