Manchester City are reportedly planning to tie down some key players to new contracts after seeing their two-year ban from European competition lifted on appeal.

City were cleared to compete in next season's Champions League by a Court of Arbitration for Sport ruling on Monday, which reversed their ban and slashed their fine from £27m to £9m.

The decision has also enabled the former Premier League champions to press ahead with their summer transfer plans, which include a revamp of the squad as well ensuring that the futures of key players are secured.

The Daily Mail reports that Kevin De Bruyne, Raheem Sterling and Gabriel Jesus will all be offered fresh terms in the coming weeks now that the threat of them leaving in search of Champions League football has been nullified.

All three players are already contracted to City until 2023, but the club are keen to hand them new deals in order to ensure that they stay for the planned rebuild which is expected to start this summer.

Manager Pep Guardiola will begin the refreshening of his squad with David Silva already having announced his exit at the end of the season and the long-term futures of Sergio Aguero and Fernandinho also in doubt.

City have been linked with moves for Kalidou Koulibaly, Lautaro Martinez, Ferran Torres and David Alaba since seeing their ban lifted.