Gabriel Agbonlahor believes Kalvin Phillips will sign a new contract with a release clause of £60m at Leeds United.

The Lowdown: Phillips in demand

After shining for Leeds in the Premier League and playing an important role in England's run to the Euro 2020 final, Phillips has attracted plenty of interest.

Tottenham (via The Yorkshire Evening Post), Manchester City (Daily Mail) and Liverpool (The Liverpool Echo) in particular have been linked with his services, but he has so far remained at Elland Road.

The Latest: Agbonlahor makes Phillips claim

Speaking to Football Insider, Agbonlahor, 35, believes Phillips will sign a new deal but with a release clause. He said:

"Jack Grealish signed a contract at Aston Villa to help the club receive a fee. He put a fee in there, a release clause, to help the club.

"Maybe Kalvin Phillips will do that, sign a new contract so the club get a better fee for him.

"If he signs a new contract for four or five years and puts in a release clause of £60million, £50million then he knows Leeds are going to get a good amount of money.

"That’s why he’s probably looking at signing a new contract."

The Verdict: Strong position

Phillips currently has a deal lasting until 2024 (Transfermarkt), so there is no rush to get him to sign a new deal. However, given the increased interest in his services, Phillips may be looking for new terms that he may feel he deserves, and an extension would put Leeds in a more comfortable position too.

A deal with a release clause would make their situation easier. While they will not want to lose the midfielder, with a release clause everything clear - Phillips would remain at the club unless another outfit matched that sum, whether it be the £60m Agbonlahor suggests or something even more impressive.

In other news, Noel Whelan is delighted by these Leeds plans.