BREAKING NEWS: Gareth Southgate is close to signing new England contract to put him in charge until Euro 2024, with a £2m-per-year pay rise that could match Fabio Capello's salary IF he wins the World Cup By Ollie Lewis For Mailonline Published: 12:25 GMT, 12 November 2021 | Updated: 12:27 GMT, 12 November 2021 Viewcomments Gareth Southgate is reportedly on the verge of penning a two-year contract extension that would see the England manager lead the Three Lions to the end of Euro 2024. According to The Telegraph, Southgate's improved deal with the Football Association could see the 51-year-old pocket a further £5million in bonuses, including a £2m pay rise if he wins next year's World Cup. Southgate has impressed in the Three Lions hot seat since taking charge in 2016, guiding England to the final of Euro 2020 this summer, as well as the World Cup semi finals in Russia three years ago. The former Middlesbrough boss has been in negotiations over recent weeks with FA technical director John McDermott, and confidence is high that an announcement can be made soon. Southgate is understood to have his focus firmly set on the immediate task at hand - to secure qualification for next year's World Cup - before the new extension is announced. More to follow. Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility