Reports suggest the centre-back, who has been in outstanding form for United this season, will earn £120,000 per week.
Ferdinand´s agent, Pini Zahavi, said: "This new deal will take him beyond 34. But it won´t be his last contract, and in all probability it won´t be his last contract at Manchester United."
Copyright (c) PA Sport 2008, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms