Silva, who won City’s Player of the Season award, scored six goals and managed 18 assists and his new deal puts to bed any rumours of Real Madrid’s reported interest in the 26-year-old.
Silva's upgrade puts him in the same pay bracket as the club’s hiighest earners which include Yaya Toure, Carloz Tevez and Sergio Aguero.
Goal.com wants to know who you think is most deserving of the mega-salaries paid out by the Premier League champions.
Does Silva’s play-making from midfield deserve the biggest reward? Or is he less important to the side than Argentine goalscorers Tevez and Aguero, or box-to-box powerhouse Yaya Toure?
HAVE YOUR SAY
Let us know who you think is Roberto Mancini’s most important player and therefore deserves the biggest wages by leaving a comment below and voting in our poll. You can also get in touch via Facebook and Twitter.