Newcastle have reportedly offered striker Obafemi Martins a mind-boggling £26million package to stay at St James' Park until 2013The Nigerian hitman joined the Magpies in the summer of 2006 in a £10million move from Inter Milan.
Despite showing flashes of brilliance he has failed to hit top form consistently, and has managed six goals in 15 Premier League starts this season.
However The Sun claims that the Toon are still willing to offer him a megabucks deal to stay.
The 23-year-old Martins has three-and-a-half years of his current deal left, but the tabloid says owner Mike Ashley has sanctioned a two-year extension to his contract and a 50 per cent wage rise to £90,000-a-week.
As part of the deal Martins has reportedly agreed to forfeit a £13million release clause.
He said: "These are exciting times and I want to stay."
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