Borussia Dortmund are making a 'historic' new contract offer to Jude Bellingham.
European giants Liverpool, Manchester City and Real Madrid are all interested in signing him.
BILD reports the German side are preparing an offer which could see Bellingham become the highest-paid player in the club's history with a 13.25m-a-year deal, in a desperate bid to keep him.
Talks are said to be planned with Bellingham's adviser Mark Bennett for March, at the latest.
Club chiefs Hans-Joachim Watzke, CEO, and sporting director Sebastian Kehl are 'fighting' to convince him to remain at Dortmund for one more year.
Bellingham's current deal expires in summer 2025, with Watzke and Kehl hoping to see the teenager extend his contract until 2026.