Gigi Buffon will sign a new contract with Juventus by the end of next week, reports Tuttosport on Wednesday.
The Italian international is only tied to the Turin giants until June 2013, but talks regarding a renewal are almost complete.
Buffon will apparently put pen to paper on a deal until June 2016 after the Chelsea tie. He will also reduce his salary from around €5.5m a year to €3.5m.
However, there are some lucrative bonus terms which could see the former Parma custodian handsomely rewarded.
A Scudetto win would see him net an extra €500,000, while a Scudetto and Champions League double would deliver €1.5m.
Think you know your Italian football? Share your knowledge, tips and comments to win cash prizes in OLBG's tipster competition  - £5,000 monthly.