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.

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