Luai had a breakout season under Ivan Cleary in 2020, with the Panthers reaching the season decider against the Storm before their stellar 17-game winning streak came to an end.
The 24-year-old scored seven tries for the Panthers last season, five of which came across five consecutive matches in the second half of the year, with the gun playmaker earning a State of Origin squad selection with NSW.
Luai is now set to sign a three-year extension with Penrith that will equate to $725,000-per-season, keeping him at the club until the end of 2024.
The deal is set to be close to agreement, with the Panthers also nearing a new deal for star centre Stephen Crichton and lock Isaah Yeo.
— NRL (@NRL) September 11, 2020