The England goalkeeper will be presented with fresh terms when he returns to the Etihad after the World Cup, while the club remain in the market for a back-up shot stopperBy Paul Clennam
Joe Hart is to be offered a new five-year contract by Manchester City when he returns to club duty after the World Cup, Goal understands.
The England goalkeeper has two years remaining on his current deal, which sees him earn £70,000-per-week.
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Manuel Pellegrini and his coaching staff feel Hart – who was dropped for seven games after a series of high-profile mistakes last season – is coming into his peak years.
Ad Pellegrini is also on the lookout for an understudy to the two-time Premier League winner, with Costel Pantilimon having been released.
Malaga's Willy Caballero is on the radar of the Premier League champions, as Pellegrini is keen to recruit a top-class deputy to push Hart in the 2014-15 season and beyond.
Despite releasing Pantilimon, last season's third choice goalkeeper Richard Wright has been offered a new contract and will continue to provide cover at the Etihad Stadium.