Manchester City Transfer News: Phil Foden Reportedly Made to Wait for New Deal

Manchester City will reportedly make starlet Phil Foden wait for a new contract at the Etihad Stadium.

According to the Daily Star's Adrian Stiles, Pep Guardiola's side are "biding their time" as they want to ensure the highly-rated 18-year-old "keeps his feet firmly on the ground."

Foden currently earns £3,000 a week, but City are said to be willing to offer him a new five-year deal worth £25,000 per week, per the report.

The teenager is one of English football's most exciting youngsters and is starting to make an impression in the Manchester City first team this season.

He has made three substitute appearances in the Premier League and scored his first goal in the Carabao Cup win over Oxford United.

U's boss Karl Robinson compared Foden to Barcelona legend Andres Iniesta after the match, per Goal's Sam Lee:

Foden played down comparisons to the former Spain international, per Indy Football. He said: "I'm happy with that but, come on, Iniesta is on a different planet. For them to call me that is massive, it means a lot."

The midfielder has bags of potential and clearly has a big future ahead of him. Guardiola has offered an update on his contract status:

The City boss has said he can have a successful career with the Sky Blues, per Jonathan Smith at ESPN FC.

"The way he celebrated he showed he is a City fan. He likes to be here. He's an exceptional young player and for the next decade Manchester City will have an amazing player.

"He still needs to grow but I think being more than one year together with us, the rhythm we play, the pace we play, he gets it. That's why he's ready. Home and away no problem.

"My dream is for him to stay 10 years and if Phil stays for 10 years, he can be in the next decade he can play regularly and after I don't know what is going to happen with him."

Manchester City possess a very strong squad and competition for places is intense. However, Foden has already shown glimpses of the quality he possesses and will hope he will be given more chances to stake a claim for a place as the season progresses.