The midfielder is also reportedly on Manchester City’s wanted list amid claims Pep Guardiola would love to bring the former City academy man back to the Etihad this summer and intergrate him into their star-studded line-up.
Neither side would have trouble forking out what could prove a British record fee for the player.
However, Villa are being backed to tie him to a new deal, with possible success in the UEFA Conference League and qualification for the Champions League likely to be enough to convince him to stay.
“You’re always nervous that your best players could be sold,” former Villa man Alan Hutton told Football Insider.
“You think that of John McGinn or Ollie Watkins – you always have those fears.
“When your players are doing well, there’s always going to be clubs watching them.
“That being said, if Villa finish strong, do well in the Conference League and get Champions League football, then he’ll get rewarded.”
Star is happy at Villa Park
Discussing Luiz’s future, Hutton is convinced the player is happy at Villa Park and would not hesitate to commit to a new deal, despite interest in his services from other Premier League sides.
“He looks really happy and he’s a key part of that squad – he’s been massive,” the former Scotland international added.
“He loves the fans and the fans love him.