Liverpool winger Raheem Sterling has agreed a new five-year contract, committing his future to the Anfield club until 2017. The 18-year-old has enjoyed a breakthrough season under manager Brendan Rodgers, starting all but one of their 17 Premier League games. It is believed his deal will be worth around £25,000 a week, up from £2,000 a week.
Sterling had 18 months to run on his existing deal after joining from QPR in February 2010.
Elsewhere, Arsene Wenger yesterday spent £70m on securing the long-term future of five of his best young British players, with a further £22m earmarked for Theo Walcott over the next five years if he signs a new deal.
Jack Wilshere, Alex Oxlade-Chamberlain, Kieran Gibbs, Aaron Ramsey and Carl Jenkinson have all agreed various deals that commit them to the club until either 2017 or 2018.
Talks have resumed with Walcott, with the club ready to offer him virtually the same contract as Wilshere, who has signed a five-and-a-half-year deal worth £80,000 a week.