Manchester City have entered new contract talks with Phil Foden.

City are in talks to extend the contract of Foden, reports Italian transfer expert Fabrizo Romano.

The parties have already reached an agreement in principle over a new agreement, which will run until 2027.

At the same time, the 21-year-old Englishman is set for a serious increase in salary.

City will offer the midfielder a contract worth £150,000-a-week.