Ewood Park set for another boost following important victory.
The 21-year-old has been very impressive over the last 12 months and manager Steve Kean claims the club are “getting there” on a deal.
Canada-born Hoilett, who has been at Rovers since he was 14, played a huge role in helping his side come twice from behind to beat Arsenal 4-3 last Saturday.
On September 1 Kean said they were “24 hours” away from wrapping up a new deal for the youngster, whose current agreement expires at the end of the season.
But since then progress has been slow but Kean is adamant it will be completed to ensure he will not leave next summer.
“We are getting there very slowly,” he said. “I believe the terms have been agreed and his base salary has been agreed.
“It is the smaller detail which can be slow but the main things have been agreed.”
Meanwhile, Kean admits he was upset at seeing fans protest against him before the weekend’s crunch clash against the Gunners.
The Rovers manager’s increasingly strained position came under further pressure when around 700 supporters marched outside Ewood Park against his regime.
“I was aware there was going to be a protest and I met one of the organisers from the unofficial supporters’ club and we had a real good chat at the training ground,” Kean told Sky Sports.
“They were asking lots of questions about different aspects of the training and young players at the club and I had a very open and frank conversation with them.
“I was aware there was five or six hundred people, which is about one or two per cent of the fans that are not happy. 98 per cent are happy and I’m quite happy with those figures.
“The thing that disappointed me was that we’ve been playing well and I know we’ve been playing well.
And Kean did not feel that if his side had lost against Arsenal he would have been out of a job, adding: “No, I didn’t think that. I’ve had fantastic backing from the owners (Venky’s) and they were at the ground.
“I’m happy when they’re there because they can see what we do. You can feel everybody is pulling for each other.”