Leeds United midfielder Kalvin Phillips

Tying Kalvin Phillips down to a new contract is of the “utmost importance” for Leeds United, according to Alex McLeish.

The former Scotland boss, speaking exclusively to Football Insider, insisted the 25-year-old would command a “monster fee” even without a new deal.

The Telegraph report Leeds are planning to open contract talks with both Phillips and Patrick Bamford soon.

While the striker’s deal runs out next summer, Phillips’ current terms are set to run until 2024.

The Daily Mail claim the homegrown star signed a £20,000-a-week deal back in 2019.

However, Leeds are reportedly keen to reward the midfielder for his impressive debut season in the Premier League.

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McLeish suggested there would be plenty of suitors for Phillips in upcoming transfer windows.

As such, he insisted a new and improved deal was of the “utmost importance” for Leeds.

McLeish told Football Insider assistant editor Russell Edge: “You have to look after the home-bred guys. Kalvin Phillips would command a monster fee.

“Homegrown guys tend to be much more expensive. When you’re maybe casting your eyes abroad and you’re looking, you could possibly get a wee bargain here and there.

“But when you get home-grown guys like Phillips, tying him down is of the utmost importance.

“I think there’s a few clubs that could be definitely looking at a homegrown guy.”

The Leeds-born star has made 22 top-flight appearances so far and has also featured regularly for England.

He played more minutes than any other of the Three Lions’ outfield players during the most recent international break.

In other news, Marcelo Bielsa has been tipped to receive a massive transfer war chest after major Leeds United financial reveal.