Midfielder Nicolo Barella will sign a long-term contract extension with Inter Milan before the start of EURO 2024.

This according to Italian news outlet FCInterNews. The outlet anticipate that the former Cagliari midfielder will sign a new five-year deal until the end of June 2029, containing a significant wage increase.

At the moment, Barella is under contract with Inter until the end of June 2026.

The Italian international is currently on the same deal that he signed in the autumn of 2021.

But Inter have been working to tie Barella down on a new long-term contract extension.

There would be no shortage of interest in Barella’s signature from Europe’s top clubs were there to be a sense that he is available.

Last summer Arsenal and Manchester United showed interest in bringing Barella to the Premier League. Manchester City and Liverpool are also long-term admirers.

Nicolo Barella To Pen New Five-Year Inter Milan Deal Before EURO 2024

There have been talks between Inter and Barella’s representatives over the last few months.

And by all accounts, the negotiations have gone smoothly.

There is no doubt that Barella wants to stay at Inter.

And the Nerazzurri have offered the 27-year-old a significant pay increase in order to commit his future by putting pen to paper on a new contract.

FCIN report that Inter and Barella have agreed on a deal until the end of June 2029 which would see the midfielder’s earnings rise to 7.5 million net per season.

As of yet, Barella has not actually signed his new contract.

The flux in terms of Inter’s ownership situation has prevented the club from making the extension official.

But the signature and official announcement should arrive very soon, reports FCIN.

Oaktree Capital are now in place as Inter’s new owners. The fund will name a new board of directors and club President on the fourth of next month.

And Oaktree are prepared to make a new deal for Barella one of their first priorities.

FCIN report that everything is ready for the Italy star to sign a new deal. And he should do so prior to the start of the Euros in Germany this summer, where he’ll be featuring with the Azzurri.