What happened: Pep Guardiola has publicly confirmed that Phil Foden's new contract at Manchester City is close to being finalized. Speaking to reporters, Guardiola said his sporting director Hugo Viana indicated an agreement is near. The news was relayed by transfer journalist Fabrizio Romano on Friday.

Why it matters: Foden, a homegrown academy product, is central to City's long-term project as a potential post-Guardiola era looms. Locking him down secures one of the club's top creative assets amid heavy competition from European rivals. The timing also reinforces stability as City navigates the closing weeks of the Premier League season.

What to watch: Watch for an official club announcement on contract length and terms. Foden's role and minutes through the final three Premier League matchweeks will signal his standing in Guardiola's plans.