Manchester City playmaker David Silva is poised to sign a new bumper contract at the club according to the latest reports.
David Silva is 'on the verge' of signing a new contract at Manchester City according to a report.
The Spanish playmaker is rumoured to have been in contract talks since the beginning of the season and is close to signing an extension which would keep him at the club until 2020.
Initially there were fears that the Spaniard may leave Man City at the end of his contract as he struggled to agree wages with the club when discussing a possible new deal.
Silva was due to see his current contract expire at the end of next season, however the Daily Mail report that there has been a 'breakthrough' in negotiations over a new deal.
According to the report City are confident of securing a one-year extension to his current contract which would be worth close to £150,000 a week.
The 31-year old joined the Blues from Valencia in 2010 and has won every domestic trophy during his time at the Etihad.
Amid the speculation of Silva leaving there had been rumours of a move to Italian giants AC Milan or Las Palmas, a club situated on his native Gran Canaria.
However City are keen to keep a hold of the creative midfielder who is still key to City's future plans under Pep Guardiola and has already contributed seven assists for the Blues so far this season.