Raheem Sterling's new Manchester City contract 'worth £300,000 a week'

Raheem Sterling reportedly agreed to sign a new long-term deal with Manchester City after the club bowed to his wage demands.

The Citizens are understood to have made a breakthrough in talks with the England international on Friday by verbally agreeing terms.

According to The Mirror, an announcement is close to being made by City on a contract that will run through until 2023 and is worth around £300,000 a week.

Sterling, who is currently believed to be on £180,000, has scored or assisted 36 goals in the Premier League since the start of last season.

Real Madrid and Paris Saint-Germain have been linked with the ex-Liverpool forward over the past few months.