Sir Bradley Wiggins is reportedly holding talks with the management of Team Sky today to iron out details of a contract could see him stay with the WorldTour outfit until 2016, while helping establish a new under-23 development squad that will aim to bring young British talent through.

Rumours of Sky looking at establishing a development squad, potentially sponsored by existing Sky partner 21st Century Fox, were first reported on the Telegraph Cycling Podcast last week following the start of the Tour of Britain.

Quite what Wiggins’ involvement with it would be is unclear. He is certainly committed to riding on the road with Team Sky next season, and has said that as far as road racing is concerned, his main goals include Paris-Roubaix next season.

Wiggins finished ninth in that race last year, and believes it is the type of event that complements his longer-term ambition of winning a fifth Olympic gold medal at Rio 2016, in the team pursuit.

It could therefore be that the 34-year-old would combine riding with Sky with mentoring and coaching younger riders within any development squad that may be set up, and the likelihood is the picture will become clearer in the coming month or two.

UCI WorldTour teams are required to maintain a development squad under current rules – in the case of Team Sky, given its ties with British Cycling, the Great Britain under-23 team which competed last week at the Tour of Britain satisfies that obligation.

After winning the Stage 8a time trial at that race on Sunday, elevating him to third overall, Wiggins confirmed he would ride Paris-Roubaix next year.

“The kind of stuff I’m going to be doing for the track ties in with the demands of that event,” he said. “It kills two birds with one stone, that, definitely. I’ll probably do Flanders again, [Three Days of] De Panne and all the usual build-up.”

Wiggins’ next target comes a week on Thursday, when he is aiming to add the world time trial championship in Ponferrada, Spain to the Olympic title he won in London two years ago.