Perth have produced their biggest victory of the year by convincing Sandover medallist Ross Young to remain with the club for at least the next two seasons.
The signing of the classy left-footer boosted the wooden spooners as their search for a new coach was extended to the end of the month to widen the field of candidates.
Perth chief executive Brian Leys would not reveal the length of Young's deal but said he had signed for "next year and beyond".
And Leys revealed that former AFL players Matthew Moody, Matthew Ferguson and Andrew McDougall were all close to staying.
"It is great news for Perth that Ross has agreed to stay," Leys said. "Now we have to sign the other players but we are pretty close to doing that."
Leys said the presence of Young, the 26-year-old who has dominated the WAFL since arriving from Carlton in 2008, would help the club recruit two more mature players to support the development of Perth's crop of talented youngsters.
While running defender Tendai Mzungu has attracted significant AFL attention, and recruiters are interested in rising stars Reece Conca and Michael Edwards, the Demons played more than a dozen other teenagers this year as they look to the future.
Perth had to overcome interest from virtually every other WAFL club to retain Young in a move that could see him finish his career at the Demons.
It was one of their few successes in 2010 after a season in which they came last after winning just two matches, including Troy Cook's last game and another against second semifinalists Swan Districts.
They also lost coach Andrew Jarman, who quit to return to Adelaide.
Leys said six candidates had applied for the coach vacancy but the period would be extended to give people involved in finals around the country the chance to be considered.
Perth colts coach Damien McMahon and his Swans counterpart Greg Harding are understood to have applied for the league position.
Perth's renewal will include a new president after Damian Matthews stood down after six seasons.
Former president Vince Pendal is set to take the position after the club's annual general meeting in December.