Paris Saint-Germain and Nike are closing in on a significant contract extension that increases both the value and the length of their partnership, according to L’Equipe. The American sportswear brand has served as PSG’s kit supplier since 1989, and this latest agreement secures their long-term future together. While the existing contract between the two parties was not set to expire until 2032, club president Nasser Al-Khelaïfi reportedly initiated negotiations for new terms following the Ligue 1 side’s first-ever Champions League victory in 2025.

L’Equipe reports that the two sides expect to finalize a five-year contract extension that runs until 2037. Under the new terms, PSG will receive a substantial pay increase from Nike. With the current deal reportedly valued at €60 million per year, Les Parisiens are now set to earn €100 million annually. The report further notes that PSG has secured one of the most lucrative kit deals in world football, placing their partnership on par with Barcelona’s high-value agreement with Nike.