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The midfielder still has three years left on his current contract but the new terms will reflect his rise to one of the key members of Pep Guardiola’s squad. Sources have told ESPN that City is expected to make an announcement once the final details are in place.
The 21-year-old Foden has become a central figure since moving to the club academy. He played 50 games and scored 16 goals when City won the Premier League title and reached the Champions League final last season.
His achievements last season earned an initial reputation in the seniors England Team and was part of Gareth Southgate’s squad for Euro 2020 that summer. He was forced to miss the defeat Italy in the final due to an injury and after being left on crutches and wearing protective boots, he was excluded from City’s first four games.
Since returning to action, he has scored two goals in six games, including one in a man-of-the-match performance in a 2-2 draw Liverpool before the international break.