Juventus are nearing an extension with their main shirt sponsor Jeep worth €50 million (US$55 million) per season, according to Italian sports outlet Tuttosport, reports, www.sportspromedia.com/.

The Serie A giants have been a partner of the Fiat Chrysler Automobiles (FCA) subsidiary the 2012/13 season and are now apparently close to continue their relationship, with the new terms set to be a significant increase on the current deal.

At present, the club earn a guaranteed €16 million (US$18 million) per season from Jeep, with bonuses taking that amount to €20 million (US$22 million).

Now, according to Tuttosport, Juve are set to command approximately €50 million a year from Jeep, putting the deal in line with the team's fresh agreement with kit suppliers Adidas, who last year penned an extension with the club worth US$58 million a year through 2027.