Melbourne is ready to throw the cheque book at young gun Ryan Papenhuyzen with an upgraded, long-term deal to fend off all NRL rivals.
NRL.com understands the Storm are preparing a three-to-four year deal for Papenhuyzen, making him their number 1 priority.
Papenhuyzen's rise into the spotlight has attracted the attention of numerous NRL clubs, with the Wests Tigers leading the way with their interest.
Melbourne officials started contract extension talks with the gun fullback a few weeks ago, and will meet once more with Papenhuyzen's agent Clinton Schifcofske in the days after Saturday's final against Canberra to hopefully finish off a deal.
Melbourne is hoping to have his new deal sealed by November 1.
There have been no official statements made by the Storm in regards to Papenhuyzen's future.
Papenhuyzen is currently earning under $200,000 and is one of the best value for money players this season and the Storm are aware of his increasing market value, prompting the Storm to match the value with a hefty pay increase.
His recent form has certainly showcased his talent, with five tries from six appearances at fullback, with an average of seven tackle busts and 225 running metres to boot.