Pep Guardiola looks set to receive a huge boost at Manchester City this week, with reports suggesting that Phil Foden is set to sign a new contract.

According to the Daily Star, a new six-year deal coupled worth £150k per week has been offered to the 21-year-old after his superb performances in recent seasons.

The City academy graduate established himself as a key player in Guardiola's side after having to make do with a bit-part role in previous seasons and emphasised the immense quality he possesses with incredible displays in the Premier League and Champions League.

The England international would contribute 16 goals and 10 assists in all competitions for the Citizens, with the young Englishman finishing as the joint-third top scorer in the Premier League of those in Guardiola's side last season.

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While he is currently contracted at the Etihad until 2024 and valued at £72m by Transfermarkt, which essentially makes him untouchable in the transfer market, he is one of the lowest earners in the first-team squad and his performances more than warrant an improved deal, one which will keep the 21-year-old happy and ensure that it is near impossible for another club to tempt him away from the Etihad.

Guardiola faced some criticism for not playing Foden more when he was a teenager but his performances last season justify the Spanish manager's decision to keep him at the club rather than loaning him out.

He explained his reasoning back in 2019, saying:

"The people say he doesn't play too much. He is 18 years old and he has played a lot of minutes.

"The people say he should be on loan; Phil Foden will not be on loan. All the time he is here he will be close to me because he is an incredibly talented player."

Foden has certainly proven himself in the Premier League since those comments were made and he looks set to be a key part of the City and England sides for the next 10 years, so it can only be good news that he is on the brink of signing a new and improved contract.

And, in other news... Guardiola may soon have his own Neymar at Man City with teenage wonderkid