Rafael Benitez will reportedly be offered a lucrative £15m contract to stay on at Newcastle United for another year.
Benitez will officially be out of contract at St James' Park next month, but talks between the 59-year-old and owner Mike Ashley are ongoing.
According to The Sun, there is hope than an agreement can be struck as United are prepared to hand Benitez a bumper deal that will be worth around £240,000 a week, on top of bonuses if he hits various targets.
The report suggests that Ashley does not want to hand the ex-Liverpool boss a longer deal as it would add to the cost of anyone looking to buy the club.
Newcastle finished the 2018-19 season 13th in the Premier League.