After signing for the Raiders for just $130,000 a year, Charnze Nicoll-Klokstad is deep in discussions for a $1.5 million contract extension that could keep him in the lime green until the end of 2023.

Nicoll-Klokstad has been a revelation since shifting from Auckland to Canberra, cementing the No.1 jersey under the coaching of Ricky Stuart. Not only is he one of the best buys of the year but, at just $130,000 per annum, is also one of the cheapest.

Bargain buy Charnze Nicoll-Klokstad is set for a big payrise. Credit:AAP

The 24-year-old is contracted for this year and next, but Canberra officials are keen to retain him before he can field rival offers from November 1. The parties have made solid progress in negotiations and they are close to agreeing to a three-year extension worth $1.5 million. However, there are some sticking points.

The management of "CNK" is pushing for an upgrade for next season, particularly given he won’t receive any additional match payments in 2020. However, the Green Machine have little wiggle room in their salary cap, particularly if Aidan Sezer remains with the club. English club Huddersfield is interested in poaching the playmaker, but the Giants are baulking at his asking price.