Point guard Kyle Lowry has reportedly agreed to stay with the Toronto Raptors, according to a report in the press.

Lowry was instrumental in leading Toronto to the Atlantic Division title last season, with NBA.com reporting that the player has agreed a new four-year deal worth $48m (£27.9m).

Toronto's guard averaged career highs of 17.9 points and 7.4 assists last outing, to help the Raptors end up with an impressive 48-34 for the season.

If the reports are legitimate, Lowry will complete the signing of his deal on or after July 10.