The Vancouver Canucks will have their No. 1 netminder for the next five years.

Canucks owner Francesco Aquilini confirmed Wednesday on Twitter that the team has reached a five-year deal with goaltender Thatcher Demko.

TSN Senior Hockey Reporter Frank Seravalli reported earlier on Wednesday that the two sides were closing in on a five-year, $25 million extension.

Demko, 25, is in his fourth season with the Canucks after being taken in the second round of the 2014 NHL Entry Draft out of Boston College.

In 25 games this season, the San Diego native is 12-12-1 with a goals-against average of 2.77 and a .917 save percentage.

For his career, Demko is 30-25-4 with a 2.92 GAA and .911 SV% over 62 games.

Internationally, Demko has represented the United States on a number of occasions including most recently at the 2019 IIHF World Championship in Slovakia.

Demko is currently in the second year of a two-year, $2.1 million deal and is set to become a restricted free agent as season's end.