The Ivory Coast superstar, 29, has been locked in talks with City officials since he got back from international duty last week.
Midfielder Toure had become disillusioned at after contract talks had stalled for six months.
His agent Dimitri Seluk exclusively revealed to SunSport last month that Toure was ready to quit unless his contract was sorted out quickly.
City’s response was instant — and they moved to thrash out a new deal to hold on to one of their biggest stars.
Toure, who joined from Barcelona in a £24m switch in July 2010, has been fundamental to City’s success in the last couple of years.
