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The Spain international currently earns a reported £130,000-a-week with the Premier League champions and will be rewarded for his perfomances last season with a rise to over £190,000-a-week, putting him in the same pay bracket as the likes of Yaya Toure, Carlos Tevez and Sergio Aguero.
Club representatives met Silva's agents in Barcelona to discuss the deal last month and have held further dialogue since to thrash out the terms of the contract, which is expected to be either four or five years in length.
The Spain international currently earns a reported £130,000-a-week with the Premier League champions and will be rewarded for his perfomances last season with a rise to over £190,000-a-week, putting him in the same pay bracket as the likes of Yaya Toure, Carlos Tevez and Sergio Aguero.
Club representatives met Silva's agents in Barcelona to discuss the deal last month and have held further dialogue since to thrash out the terms of the contract, which is expected to be either four or five years in length.
Securing the signature of the former Valencia man has been one of the club's top priorities this summer, with City officials keen to keep hold of their top talent as they look to both defend their domestic title next season, as well as make a serious assault on the Champions League.
The Spain star was voted Player's Player of the Season last term, after proving crucial to City's title win, with six goals and 18 assists in the league alone.
Silva's new contract will follow that of Mancini, who penned a new five-year deal at City a fortnight ago after talks with owner Sheikh Mansour and chairman Khaldoon Al Mubarak in Abu Dhabi following the club's dramatic title victory on the final day of the season.
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