Hearts of Oak must cough up GHS70,000 to extend the contract of striker Gilbert Fiamenyo.

The Phobians are in advanced talks to extend the expiring contract of their striker.

Fiamenyo is in the best form of his life since joining Hearts three seasons ago.

The former Heart of Lions player is however out of contract at the end of the current season.

A deal is likely to be struck by next week for a two-year renewal.

This will guarantee Hearts a transfer amount if Fiamenyo is to move on