"?Leicester City manager Claudio Ranieri is close to signing a "?new £3m-a-year deal at the King Power stadium as a reward for winning the Premier League.
"?The significantly improved deal for the Italian is expected to be confirmed next month, which will also include a three-year extension. Talks between the Leicester board and Ranieri are said to be "progressing well".
Ranieri signed for the Foxes last July in a deal worth £1.5m-a-year, but the Leicester board have moved quickly to extend that deal and double the Italian's money.
The Foxes boss is currently attending the Monaco Grand Prix after the team's post-season tour of Thailand, and talks between the two parties are set to conclude over the next couple of weeks.
Ranieri took over Leicester City from outgoing boss Nigel Pearson, and the former Chelsea boss' appointment split opinions among the Foxes faithful. However, after overcoming odds of 5000-1 to lift the Premier League title, Leicester City fans will surely be pleased that he is committing his future to the club.
Upon his return, the City boss will need to prepare his squad for their defence of the Premier League title next season, as well as to prepare for competition against Europe's elite in the Champions League.
Those preparations have already begun though, with Leicester close to completing the signing of CSKA Moscow forward Ahmed Musa, in a deal thought to be in the region of £23m.
Also close to signing for the Foxes is former Sporting Gijon defender Luis Hernandez. The Spaniard is a free agent after leaving Gijon in the summer and will reportedly sign a four-year deal at the King Power stadium.