Raheem Sterling has reached an agreement with Liverpool over a new five-year contract, according to widespread reports.
Sterling's future has been the subject of much speculation in recent weeks, with the teenager requiring a full-time professional deal following his 18th birthday earlier this month.
Reports from the BBC indicate the new contract will see Sterling's wage jump from £2,000 per week on his old youth contract to around £30,000 per week.
The winger had attracted the interest of the Premier League's top clubs with his performances this season. Sterling earned his first international cap for England in the 4-2 defeat to Sweden, while starting in all but one of Liverpool's 17 league matches under Brendan Rodgers this campaign.
Sterling is expected to finalise the deal prior to Liverpool's Premier League clash against Fulham this Saturday, keeping him at Anfield until 2017.
Former Liverpool director of football Damien Comolli urged the teenager to sign on at Anfield and not to let money be a sticking point in commiting to the club.
"My advice would be sign the contract and stay at Liverpool unless there is something which makes him really uncomfortable," Comolli told talkSPORT.
"We tried to look after Raheem as much as we could - he was really a long-term project - and I think he should commit.
"I really don't think money should be an issue. He is 18 and it is going to be one of many contracts he is going to sign and he is going to end up being a wealthy individual.
"The important contract, if you are money-orientated, is the one you sign when you are 31 not 18."