Manchester United are desperate for Antonio Valencia to sign a new long-term contract as the winger could leaving for nothing in 18 months time.
The United star's contract expires at the end of next season, with interested clubs potentially able to nab him on the cheap before then.
But United chief executive Ed Woodward wants to sit down for talks with the former-Wigan star as soon as possible, according to the Daily Mirror.
The Ecuador international won praise from United boss David Moyes on Sunday, after his excellent performance in the 3-0 away victory over Aston Villa.
The 28-year-old has been linked with several clubs since the summer, but United remain keen to keep him at Old Trafford.
He has been United's most consistent winger for the past 12 months, with Ashley Young out of form and Nani frustratingly inconsistent.
Wilfried Zaha was brought in from Crystal Palace, but the youngster is yet to make an impression on the first-team squad.
That has meant Valencia has assumed greater importance under Moyes. But he's one of the club's lowest earners, and the report claims he is after a bumper pay rise to take him into a wage bracket similar to Nani.
The Portuguese wide-man signed a new contract earlier this year.