Blackburn Rovers are reportedly planning to offer Junior Hoilett £2m per year in an effort to keep the winger at the club.
The 21-year-old's current contract at Ewood Park expires at the end of the season.
Rovers will also offer the Canadian a percentage of any sell-on fee that they may receive for him in the future, according to The Mirror.
Arsenal and Bayern Munich are just two of the clubs that have been linked with Hoilett this season.