Rob Schumacher/The Republic / USA TODAY NETWORK

The Phillies and right-hander Zack Wheeler are in agreement on a three-year extension that will keep the ace in Philadelphia through the 2027 season.

The team did not disclose financial terms Monday, but multiple outlets reported the extension is worth $126 million, which would make the deal the highest ever in terms of average annual value.

Wheeler, 33, is set to make $23.5 million this season, the final year of the five-year deal he signed with the Phillies in December 2019. The extension begins in 2025.

Wheeler went 13-6 with a 3.61 ERA and 212 strikeouts in 32 starts last season.

He's 87-63 with a 3.45 ERA in 227 career starts with the New York Mets (2013-19) and Phillies. He owns a career rate of 9.1 strikeouts per nine innings.

Wheeler is 4-3 with a 2.42 ERA in 11 career postseason appearances (10 starts).

Wheeler earned a National League All-Star nod in 2021, when he finished second in Cy Young Award voting.

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