Haaland is very close to signing new contract with Manchester City although his previous contract will be expired on 2027 but Manchester City has decide to extended his contract and since arrived to Manchester City Haaland has scores a lot of goals with this team and he always became an top scorer and this season Haaland can scores 7 goals from 3 matches which he is on fire
Manchester City has just make good decision because Haaland is important player for them and according to the news at his new contract Haaland will have release clause 175 million and Manchester City also will make his as the highest paid player in this team
Source : https://www.dailymail.co.uk/sport/football/article-13823961/amp/Erling-Haaland-Man-City-contract-Real-Madrid-release-clause.html
This will be a good development for Manchester City as a club if the extension deal is closed but will be a bad one for other English Premier League clubs who'll be forced to continue facing the deadly striker for a longer period.
Man City have truly struck a diamond, and it wasn't in vain that they had to spend 150 million Euros to sign Haaland because it paid off handsomely. So it stands to reason if Man City offer Haaland a new contract (with the change in the release clause option) because they don't want to lose their goal machine. He has been the top scorer in two consecutive seasons, and it's likely he'll get it again this season as he's started the season so impressively.