West Ham United are keen to reward one of their brightest prospects with a new deal.
Rice made his debut for the Irons at the end of last season and has become a much more prominent player in the squad this term, and has taken to first-team football incredibly well.
The 19-year-old has been excellent under David Moyes, and the Mirror reports that the teenager is set to be rewarded for his brilliant emergence into the side by being handed a new deal with the Hammers.
The Mirror adds that his current wages of £10,000 a week with the club are set to be more than doubled, and given that Rice's current contract expires next summer, news of these fresh terms will be music to the ears of the West Ham fans.
Moyes' appointment has inspired a turnaround in their fortunes that has seen the side move up to 12th in the Premier League following their stunning second-half performance on Saturday that led to a 4-1 win away at Huddersfield Town.
Things are a lot more positive at the London Stadium right now, and getting one of the brightest prospects in the squad to commit his future to the club would give the Irons fans another reason to be significantly more optimistic than they would have been during the latter stages of Slaven Bilic's tenure.