AP Photo/Kathy Willens

The Los Angeles Lakers are planning to keep Dennis Schroder in the team for many years, according to Adrian Wojnarowski of ESPN.

Schroder is entering the final year of his current contract with the Oklahoma City Thunder and is set to earn $15.5M.

For their part, the Lakers are planning to re-sign Schroder once his contract expires in 2021.

The deal between Schroder and the Lakers is expected to be made official early this week.