AC Milan are preparing to offer in-form striker Stephan El Shaarawy a contract extension until 2018, according to reports.

The 20-year-old has notched eight goals in 11 games this season, prompting Rossoneri officials to act quickly in order to secure the youngster's long-term future.

According to the Gazzetta dello Sport, the Italian international will see his annual salary boosted from £640,000 to just over £960,000.

El Shaarawy made his debut for the Azzurri in August's 2-1 defeat to England.