The Nigerian has played every minute for the Merseyside club so far this season, operating in a central midfield role.
Iwobi isn’t the only player whose contract Everton are hoping to renew, with extensions for Jordan Pickford and Anthony Gordon also planned.
Everton are intent on tying down the 26-year-old to a new deal, with negotiations expected to ‘ramp up’ in the coming weeks.
Ornstein tweeted: “Everton open talks over new contract for Alex Iwobi. 26yo midfielder increasingly important to #EFC & club want to secure future (current deal 2024).
“Dialogue at early stage but set to ramp up in coming weeks, like Pickford + Gordon.”
A new contract for Iwobi would be just reward for his strong start to the 2022/23 season.
He’s a player who’s doing a bit of everything right now in the middle of the park, ranking in Everton’s top five for tackles, total passes, shots, key passes and dribbles per game (via WhoScored).
You would think that, on recent form, Iwobi will be in line for a healthy boost to his £50,000 per week earnings, having truly found a home on Merseyside.