Scott, who coached the Cats to the 2011 premiership in his first year at the helm, was not due to come out of contract until the end of next season.
But with Geelong once again in premiership contention, both he and the Cats were keen to lock in a new deal early and avoid any speculation about his position.
"I'm really committed to Geelong long-term, and every indication I get from the powers that be here is that the feeling's mutual," Scott said at Simonds Stadium on Tuesday morning.
"I was never really too worried about the specifics of it. But I think the club is happy and I'm certainly happy with the situation.
"You can work on the assumption that I'm going to be at Geelong for at least the next few years.
"The plan is (that the contract will run until) the end of 2017."
Having held on to defeat Fremantle by two points at Simonds Stadium on Saturday night, the Cats have all but secured a berth in the top four.
But their run to the finals is a tough one, starting with a six-day break before facing a rejuvenated Carlton at Etihad Stadium on Friday night.
Geelong played the Blues at the same venue on a Friday night back in round 12, and the Cats haven't forgotten the almighty scare they copped that night.
They looked down and out before a late goal from Joel Selwood handed them a five-point win.
Although it was Bryce Gibbs who did that damage on that occasion, the Cats will go into this game particularly wary of veterans Chris Judd and Jarrad Waite, who have turned their careers around in recent weeks.
"When you combine really good midfield depth and quality, and good ball-use inside-50, to strong marking forwards, that's a pretty good combination," Scott said.
"The ability to force them to kick the ball to the favour of our defenders, if possible, is pretty important to our game."
Geelong's team has been relatively settled in recent weeks, and it is expected to stay that way with the finals just around the corner.
But Scott has pinpointed injury-prone small forward Lincoln McCarthy, who recently signed a new two-year contract, as one of the fringe players who is pushing hard for a recall to the team.
"Lincoln's got the opportunity to help our team in a way that a lot of players don't," Scott said.
"If we wanted to go with a different look in our forward half, he's probably the most obvious player that can change us."
McCarthy played in the first two rounds of the season, but was then sidelined for 12 weeks by a back injury.
He has played five games in the VFL since returning to full fitness.
"He's coming into some really good form, so if we decide to change the mix a little bit, he’ll be one of the first cabs off the rank," Scott said.
However, the immediate prognosis is not so bright for defender Taylor Hunt, who last played in round nine and has been sidelined in recent weeks by a groin problem.
"He's still sore," Scott said. "He's had a really unfortunate run, Taylor. He slipped out of our best 22 at one stage there, even though he wasn't playing too badly.
"He then started to get sore in the groin, was making good progress in his rehab, but unfortunately has taken a step back.
"These things are really hard to define and really hard to put a time-limit on.
"But he's not without hope of getting back to full fitness and playing well enough to force his way into our AFL team for the finals."