The Philadelphia Phillies and left-hander Cristopher Sanchez are finalizing a four-year contract extension, MLB Network reported Saturday morning.

Financial terms were not disclosed for Sanchez, who is playing this season on a one-year, $753,500 contract.

Per the report, the Phillies will buy out Sanchez's arbitration years. Currently, he is eligible for arbitration in 2026.

Sanchez, 27, is 4-3 with a 2.91 ERA in 14 starts this season. He has surrendered just one home run and struck out 66 batters in 77 1/3 innings.

Sanchez has a 10-10 record with a 3.73 ERA in 55 career games (36 starts) with the Phillies.