Manchester United may announce that Marcus Rashford has signed a new contract as early as Monday.

The England striker has put pen to paper on a new four-year deal that will commit him to Old Trafford until June 2023 although it includes the option of a fifth year.

The contract is understood to be heavily incentivised but if Rashford meets all of his performance-related targets and United deliver on the pitch it could be worth in excess of £300,000 a week to the 21-year-old and will place him at the top end of United’s pay scale, on similar money to Paul Pogba, but behind the highest earner Alexis Sanchez.

Rashford has been linked with Barcelona and other high profile European clubs but he sees his future at Old Trafford in what is a boost for manager Ole Gunnar Solskjaer, who plans to build his attack around the academy graduate.

United intend to announce Rashford’s contract before they fly to Australia next week for the start of their pre-season tour although it is understood there is a possibility of an announcement coming as early as Monday.