The Englishman's current contract ends in 2023 and had been rumored to be on his way out of the Etihad Stadium.

Raheem Sterling has put his torrid 2020/21 campaign behind him and his set England's Euro 2020 campaign alight, scoring three goals to become his nation's star man. And according to the Daily Mail, his exploits on the continental stage has not gone unnoticed at Man City.

The 26-year-old has scored three of England's winning goals so far, netting in the 1-0 victories over Croatia and Czech Republic in the group stage before breaking the deadlock in the 2-0 round of 16 triumph over Germany. The British tabloid write that his excellent displays at the European Championship has brought about a chance of heart from the Cityzens hierarchy regarding his future at the Etihad Stadium.

Despite being named in Guardiola's starting eleven for their UEFA Champions League final against Chelsea, which they lost 1-0, there's no denying the Englishman fell down the pecking order last season. The former Liverpool starlet went from being one of Pep's talisman attacker to struggling for playing time, with the Spaniard favoring Riyad Mahrez and Phil Foden over him.

As a result, rumors emerged claiming that the Premier League champions were looking to sell Sterling. Given that he has only two years left on his contract, a decision on his future was likely to be made this summer and after his drop in form, Man City were reportedly ready to let him go.

Arsenal were said to be interested while the Manchester giants were said to be keen on using Raheem as a makeweight in a deal for Tottenham's want away striker Harry Kane. However, things have changed and Guardiola's side now look to extend the Three Lions ace's stay beyond 2023.

Whether a deal can be struck remains uncertain. Sterling is on high wages and whether he will demand a raise or will be asked to lower his wages could prove pivotal. With City set to be heavily interested in bringing in Jack Grealish and Harry Kane from Aston Villa and Spurs, respectively, the mega-rich club might not have a large budget to spend on securing the former Liverpool attacker's future.