Director Peter Lorimer told the club's official website: "Obviously we are trying to get the lad signed up as soon as possible. We don't foresee any problems, as is normal we are trying to make everybody happy in the deal. The lad has got to make sure his future is secure and we have to ensure the best interests of the club are met.
"We need to get the future of this club signed up, fortunately a lot of our younger players are already on long contracts or have signed recently, so Matthew is our top priority. The board realise they are the future of this football club, so we need them happy and in the right frame of mind.
"Players like Matthew and James Milner can lead us into the future and we have made it clear from day one that they are the kind of players we need to hold onto. They both have bright careers ahead of them and their future will be at this club."