Manchester City supporters have been handed a significant update on Phil Foden's mooted new deal at the Etihad Stadium.

The Lowdown: Foden set for fresh terms?

The 22-year-old has been tipped to sign a new deal for the past year, with reports suggesting that he will put pen to paper on a blockbuster contract.

Since being introduced to the first team on a more regular basis at the back end of 2019/20, Foden has gone on to become a mainstay and a crucial player under Pep Guardiola.

The homegrown ace and boyhood City fan has totalled a fantastic 48 goals and 35 assists across 170 appearances in all competitions whilst also making crucial contributions towards the Sky Blues' recent success.

As a result, Etihad chiefs are reportedly prepared to offer bumper new terms to convince Foden to remain in Manchester.

The Latest: Foden agrees new Man City deal...

Writing for the Irish Independent, reporter James Ducker of The Telegraph has shared an exciting update on the saga.

He claims that Foden has 'agreed a deal' which will more than double his current City salary to around £250,000 per week.

City are apparently 'on the verge' of announcing the midfielder's fresh deal, which could tie him to the club 'until 2028'.

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The Verdict: Brilliant news...

Foden allegedly being set to extend his stay comes as a real boost for the Citizens, given his quality and potential to be a one-club man.

At his current trajectory, the England international could go on to become a City legend if he decides to remain at Eastlands for the rest of his promising career.

Foden's love for the club is well documented, and to us it is no surprise that this brilliant news has emerged.