The Sun says the England international has agreed terms over a new four-year contract.
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Pickford's current deal runs to 2027 and is worth £6m-a-year. The new agreement will include a pay-rise.
The shot-stopper has managed 320 appearances for the Blues and hasn't missed a Prem clash since 2022.
Pickford feels settled on Merseyside and has made no indication of seeing his future beyond the Toffees.