Rumors are circulating that Erling Haaland is on the verge of agreeing to a contract extension with Manchester City, which will come with a hefty payout. However, it’s being said that there will also be a release clause included in the deal. Haaland has been on fire at the start of the new Premier League season, netting an impressive seven goals in just three matches for Man City. Prior to the international break, the striker managed to score back-to-back hat-tricks against Ipswich and West Ham. According to reports from Spanish newspaper Marca, Haaland is expected to finalize the deal with the Premier League champions in the near future. His current contract is set to run until the summer of 2027.

Reports suggest that Erling Haaland is on the verge of securing a new and lucrative deal with Manchester City.

Marca covered the news of Haaland’s contract with the headline ‘extension and an escape clause’.

Real Madrid is not giving priority to signing Haaland after acquiring Kylian Mbappe this season, according to reports by Marca. The report highlights the potential inclusion of a release clause in Haaland’s new deal. Manchester City is looking to make Haaland the highest paid player in the Premier League by increasing his basic salary, currently held by Kevin De Bruyne. While De Bruyne earns £425,000 per week, Haaland currently takes home £375,000 as his basic salary. However, additional bonuses could see Haaland’s weekly earnings exceed £850,000. Real Madrid, despite their admiration for Haaland, are currently focusing on other areas after securing Mbappe. Haaland, along with his father and agent, sees a release clause as a way to maintain control over his future in football. Rafael Pimienta mentioned previously that Haaland will always prioritize his club while being the master of his own destiny.

Having a release clause in his contract would still allow Haaland to have some say in what happens with his career down the line.

Haaland has had an impressive beginning to the season with seven goals in just three games. Man City previously triggered a release clause of £51 million to sign him from Borussia Dortmund in 2021. The forward has been a standout at Man City, scoring 97 goals in 102 games so far. He has even won the Premier League golden boot for two consecutive seasons. In addition, the 24-year-old has clinched two Premier League titles, a Champions League trophy, and an FA Cup during his time with the club.