Manchester City manager Mark Hughes is expecting Michael Johnson to sign a new contract.
Johnson has been locked in talks with City for some time regarding an extension to his present deal.
The England Under 21 international had rejected an offer from the club and discussions appeared to have been stalled.
However, negotiations resumed earlier this month and the midfielder is now ready to pledge his future to City.
"Michael will put pen-to-paper over the next 24 hours," said Hughes in the Sunday Mirror.
"We are delighted because he has a fantastic future and his decision to commit his future to this club is another example of the progress we are now making."
A string of Premier League clubs, including Arsenal and Liverpool, had been linked with bids for Johnson, but he is now set to agree a five-year deal to stay at the City of Manchester Stadium.