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Germany’s flying winger will see his wages jump from £60k-a-week to £100k as a reward for his exciting performances in Pep Guardiola’s dominant City side.
And the plan is for the deal to be signed and sealed at the end of the campaign – before Sane heads to Russia with Germany.
Sane, 22 on Thursday, joined City from Schalke 17 months ago for a fee of £37million.
His current deal at The Etihad runs until 2021 but that contract will be ripped up and replaced with an improved agreement.