Sharing news midweek, 90min journalist and 'insider' Graeme Bailey now has a major player update for Manchester City supporters out of Eastlands.

The Lowdown: Sky Blues in contract flurry...

City sporting director Txiki Begiristain and the club have seemingly been renewing contracts left, right and centre over 2021/2022 as Pep Guardiola aims to tie down both future and first team stars.

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The likes of John Stones, Joao Cancelo, Ruben Dias, James McAtee and Ederson, to name a few, have all put pen to paper on fresh terms in the past 12 months.

According to reports, Guardiola and co aren't done there, with the likes of Rodri and Ilkay Gundogan also tipped to receive the option.

Superstar playmaker Phil Foden is yet another, and if Bailey is to be believed, a major development has come to light on City's attempts to tie down the England international.

The Latest: Bailey shares Foden development...

Taking to Twitter, the 90min insider says Man City are now closer to agreeing a new deal for the 21-year-old.

"Man City close to finalising Phil Foden contract extension," he explained.

"Talks have been ongoing since last year but Premier League champions confident their prized asset will re-sign by end of the season."

The Verdict: Absolutely huge...

As perhaps best summed up on Tuesday night, Foden looks set to be an absolutely crucial player for City for years to come.

The Sky Blues struggled to break down a resilient Atletico Madrid side in the first leg of the Champions League quarter-final tie in Manchester, but thanks to their homegrown starlet's cameo off the bench, Guardiola's men eventually found a way through.

Foden's delicate through ball to Kevin De Bruyne, who subsequently fired home past Jan Oblak, gifted City a 1-0 aggregate advantage as they gear up for their Wanda Metropolitano visit next week.

The midfield gem's introduction was a crucial one and this is just one example of his importance at the Etihad Stadium.

As City take one step closer towards tying him down further, it's safe to say this midweek update could be looked back on as massive for years to come.

In other news: Blues now preparing bid to sign 'special' £67m star alongside Haaland! Find out more here.