Phil Foden is on the verge of signing a new long-term contract with Manchester City.

The 18-year-old midfielder - regarded as one of the most exciting talents England has produced for years - will shortly put pen to paper on a lucrative new deal that will tie him to City until June 2024.

Foden, a lifelong City supporter, has been linked with Paris St-Germain, Borussia Dortmund, RB Leipzig and a host of other clubs, but he has only ever seen his future at his boyhood club.

Negotiations between City and Foden’s representatives have been swift and an announcement is expected in due course.

Dubbed the “Stockport Iniesta” owing to similarities in his play to Barcelona great Andres Iniesta, Foden has made 10 appearances for City this season and is highly regarded by manager Pep Guardiola, who has previously described the player as a “gift”.

Foden is considered a long-term successor internally to David Silva at City and made his debut for England Under-21 in a 7-0 win over Andorra last month.