It reports TV 2 Monday afternoon.
The channel writes that the Norwegian star will receive a weekly salary of half a million Norwegian kroner on a contract that extends over five years. In that case, this means that he is guaranteed more than NOK 130 million.
The agreement he is about to sign therefore extends to the summer of 2029 and the salary will be tripled from what it is today.
Bobb has had his breakthrough for Manchester City this season and made his debut for the Norwegian A national team last year.
He recently started his first match in the Premier League. He has also opened the scoring account for Norway.
Manchester City is the reigning Premier League and Champions League champion.
Bobb plays together with, among others, Erling Braut Haaland in the light blue Manchester club.
The Daily Mail has previously reported that the Norwegian has been in negotiations with the club about a new agreement.
Storavisen wrote, among other things, that manager Pep Guardiola has been very impressed by what he has seen of the Norwegian 20-year-old.