Manchester City are on the verge of securing star playmaker David Silva on a new contract, with the Spaniard set to put pen to paper on a £200,000-a-week deal according to The Daily Mail.

The talented attacking midfielder has been at the helm of the Etihad Stadium side's rise to become Premier League champions, and has thoroughly impressed since moving to England from Valencia.

It is believed that contract negotiations over an extended deal for the diminutive schemer have been ongoing for some time, with Silva keen to stay with Roberto Mancini's men.

The stumbling block over a new deal has been the potential salary, with City keen to try and streamline their wage bill with Financial Fair Play regulations on the horizon.

However, the club's executives will give in to Silva's demands given the importance the player has to the team, and will pay him £200,000-a-week to stay with the club for the foreseeable future.

It is also thought that Real Madrid are keeping tabs on the situation, but Silva will opt to remain with the Premier League outfit.

By Gareth McKnight