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Kompany to sign new five-year £120,000-a-week contract with Manchester City

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Belgian international and Manchester City skipper Vincent Kompany is poised to sign a new five-year deal with his current employers, reports The Sun. The reward follows a fine run of form that sees Manchester City sitting on top in the Premier League, with only an 8 goals difference separating them from city rivals Manchester United. Reports in March suggested that an informal agreement was reached between Kompany's agents and Manchester City on the terms of the new contract. However, Kompany chose to formally put pen to paper at the end of the season.

Kompany joined City in August 2008 from German side Hamburger SV for an undisclosed fee thought to have been in the region of £6 million. Since then, Kompany has been a regular feature in the City first team. He was awarded the captaincy of the team at the start of the 2011-12 season. The skipper led the charge capably and was integral in City's quest for the title as he scored the only goal for the Citizens in the what could be the title-deciding Manchester derby. Kompany was also named as the Barclays Premier League Player of the Season on Friday.

Kompany currently has two years remaining in his current contract and the new deal will keep him at Etihad Stadium till the 2016-2017 season. The 26 year-old is now considered to be worth £30 million and is regarded as one of the top defenders in Europe.

With the last match against Queens Park Rangers tonight, a victory will ensure the club's successful capture of the Premier League title making Kompany the first City captain to lift the title after Tony Brook who won the First Division title way back in 1968.