Raheem Sterling and Manchester City are set to open talks on an extension.
Sterling's current deal expires in 2020.
Sterling earns around £170,000 a week basic and can expect a rise of at least £50,000 a week, along with lucrative incentives that would push his salary beyond the £250,000-a-week mark.
Kevin de Bruyne is also in the final stages of a contract extension that will be more lucrative than Sterling's.