After appearing to be on the outside of Juve's plans at the start of the season, the midfielder is now a first-choice for coach Luciano Spalletti.
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TMW says Juve are now drawing up a new contract offer which would keep 28 year-old Locatelli with the Bianconeri to 2030.
Locatelli's current deal runs to 2028.
It's been suggested Spalletti sees Locatelli's long-term position as a defensive midfielder alongside Khephren Thuram, with Juve to splash out on a new playmaker over the summer.