Mkhwanazi was linked with a move to Orlando Pirates in the January transfer window.
The midfielder has a year left on his current deal with the club, but the Clever Boys have decided to tie him down to a new long term contract.
“Mkhwanazi is going to sign a new contract with Wits this week,” Mkhwanazi’s agent Paul Mitchell told Isolezwe.
“He is happy with the offer that the team has made and all that’s left to do now is to sign it and take it back to Wits.”
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