Oliver Ekman-Larsson has reached a verbal agreement with the Arizona Coyotes to sign an eight-year contract extension on July 1, TSN Hockey Insider Darren Dreger reports.

According to Dreger, the extension is expected to be worth over $8 million per year. He has one season remaining on the six-year, $33 million contract he signed with the team in 2013.

The Swede has maintained his status as a reliable defender for the Arizona Coyotes. Ekman-Larsson is relatively dependable, playing in over 75 games five years in a row. He scored 14 goals and recorded 42 points in 82 games for the Coyotes this past season and led the team by playing an average of 23:41 per game.

The 26-year old was drafted in the first round (No. 6 overall) of the 2009 NHL Entry Draft by the Phoenix Coyotes. Ekman-Larsson has played eight seasons in the National Hockey League, recording 290 points in 576 career games.