Manchester City and Phil Foden have reached an agreement over a new contract.

The 22-year-old is set to multiple his salary many times after finalising a deal worth around £250,000-a-week, according to Football Insider.

The new contract is for six years, meaning it will be worth around £78m.

City had held off on announcing the deal.

However, both parties are confident there are no issues and the deal will be formalised soon.

The City academy graduate has started all seven of City's Premier League matches this season and has made 10 appearances in all competitions, yielding three goals and two assists.