The England international – who is currently in Brazil with the Three Lions – is widely thought of as the best goalkeeper to have been produced by the nation in some years, but his future at the Etihad Stadium has been in some doubt for a while.
After a succession of shaky performances at the start of last season Hart was dropped by Manuel Pellegrini, prompting rumours that the Sky Blues chief is looking to draft in a fresh stopper to be his number one.
However, the 27-year-old eventually forced his way back into the club’s starting XI, and is now set for a new five-year contract.
Hart has just two years remaining on his £70,000-per-week deal, and City are keen to tie him down before the prospect of losing him on a free transfer becomes a worry.
The Premier League champions are also aware that the glovesman is now entering his peak years, which could see his abilities improve further.