Manchester City have rewarded Roberto Mancini's Premier League performance by opening negotiations over a new £15m deal.

The Italian has held talks with City chairman Khaldoon Al Mubarak, and according to the Daily Mail, the City board has offered Mancini a new contract.

The new deal would up Mancini's current £3.5m per year contract to £5m a year, and would tie the former-Inter boss down for another three years.

Mancini, along with assistant David Platt and football administrator Brian Marwood, took a trip to the Middle East last week to meet with the City chairman and talks reportedly began over a new deal.

The improved contract would see Mancini rewarded for guiding his team to their first league title in 44 years. City pipped United to the post on the final day of the season, with two late goals from Edin Dzeko and Sergio Aguero sealing a 3-2 win over QPR and handing City their first ever Premier League title.

No agreement has been reached yet between manager and club, but City expect to have a deal in place before Mancini leaves for a holiday at the end of this week.

Mancini replaced Mark Hughes at the Etihad Stadium in 2009 and has gone on to win the FA Cup and the Premier League. A new £5m a year contract would place the Italian among the highest paid managers in the Premier League, with only Arsene Wenger paid more at £6m a year.

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