Goal.com’s Greg Stobart reported that the English Premier League champions will pay Silva £190,000 per week this coming season and the deal will keep him signed with the Manchester club for four to five seasons.
Stobart also reports that his new deal will give Silva a £60,000 raise from the salary he previously earned, making him one the highest-paid players on the squad.
Re-signing Silva was one of the club’s top priorities this summer and the club has been in talks with the midfielder and his representatives for weeks.
The 26-year-old midfielder was the driving force behind City’s offense, which led all Premiership teams with 93 goals.
Silva contributed six goals and a team-high 15 assists in 36 league matches. He is quick, creative and causes opposing defenses nightmares with his piercing passes.
He continued his success following the club season and had a fantastic tournament at Euro 2012. He recorded two goals and three assists while starting all six matches.
This was Silva’s second season wearing baby blue, and he made a drastic improvement.
The Spaniard came over from Valencia in the summer of 2010 and recorded just four goals and seven assists in 35 EPL games.
But City continued to add more talent prior to the 2011-12 season, most notably signing Sergio Aguero for £35 million. His presence helped Silva play in his preferred role as a distributor and the two formed a lethal attacking pair.
The Blues have done well to keep their key players content and ensure that the core of their championship side stays intact.