Silva, who recently helped Spain to a third consecutive major tournament success at Euro 2012, still has two years to run on his current deal but reports suggest he will sign a new five-year contract worth £52million.
The 26-year-old playmaker, who joined City from Valencia in 2010, has declared himself "totally satisfied" at the club after playing a starring role in their Premier League winning campaign last season.
His exploits reportedly caught the eye of Primera Liga giants Real but Silva is adamant he is not thinking of a move.
The Spaniard, who was the top assist scorer in the top-flight last term with 15, expects a new deal to be wrapped up sooner rather than later.
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