The Mirror says the Senegal international is two years into a contract at Anfield that runs until 2021.
But in recognition of his contribution – and of the fact that the market has moved upwards since he joined from Southampton just two years ago – the forward is in line for a pay hike.
The incredible rise in salaries is prompting clubs to protect their prized assets and, despite pocketing £143m from the sale of Philippe Coutinho to Barcelona, the Reds have no intention of allowing other stars to leave.
Mane, 25, has three years left to run on the £80,000-a-week contract he agreed after leaving St Mary's, so there is no immediate pressure to strike a deal.
But if the fleet-heeled forward commits to a further two years then he can expect to double his money in line with the club's highest earners.