Gareth Barry is set to be offered a new contract by Manchester City - but he must take a significant pay cut if he is to remain at the Etihad stadium, according to The Sun.

The English midfielder has only 12 months left on his current contract and the club are looking to try and extend that deal, for £50,000 a week less.

Barry's current contract is worth £120,000 a week after he signed for from Aston Villa for a fee estimated around £12 million back in the summer of 2010.

The 32-year-old midfielder was expected to leave City in the summer as the club are preparing to cut down their wage-bill so they can pass UEFA’s Financial Fair Play rules, but his recent performances, in particular against Chelsea and Manchester United, have impressed manager Roberto Mancini and the Italian tactician is now keen to keep the midfielder.

It is planned that City chiefs will sit down with Barry and his representatives once the season ends, but the severely reduced terms could prove to be a stumbling block as both parties seek to come to an agreement.

It is reported that Barry, who is happy to remain at the club, will have to settle for a basic wage of around £70k-a-week if he is to secure his long-term future with the Citizens.


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