'Don't believe everything you read': Broncos superstar hits back at $5.5m deal reports

Brisbane wunderkind Reece Walsh has hit back at reports he's signed a $5.5 million extension at Red Hill.

The details ran in a News Corp story on Tuesday night, claiming Walsh was set to become the highest paid player in the club's history.

Anthony Milford became the Broncos' first $1m-a-year player when he signed a lucrative deal in 2015 - the year he went within a whisker of winning an NRL grand final with the team.

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But no player has pocketed $1.1m a season from the club.

While Walsh may still become the first to do so, he took to Instagram on Tuesday night to deny a deal has been done.

"Don't believe everything you read," he posted.

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"No deal has been signed.

"I'm doing me... I'll let you know when something happens."

Walsh then joked, "Someone give Kev (Broncos coach Kevin Walters) my number... he's lost it I think".

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Walters himself denied the reports when speaking to radio station Nova 106.9 on Wednesday.

"There's still negotiations happening with Reece so I'm not sure why that has come out," Walters said.

"I believe he'll end up staying long term, but I think there's still a few things to work with between him and his manager."

Earning $1.1m a year would put Walsh among the highest paid players in the game, although still a ways behind his rival for the Queensland No.1 jumper - Kalyn Ponga.

Ponga is the best paid in the NRL at $1.4m a season.

Walsh is sidelined for at least a month after suffering a facial fracture on Thursday night.

He cemented himself as one of the best fullbacks in the game last year when he won an Origin series with Queensland, and almost a premiership with Brisbane.

Fellow young gun teammate Ezra Mam inked a lucrative extension in February which ties him to Red Hill until the end of 2029.

The Broncos have arguably the most star-studded young list in the competition.

The likes of Patrick Carrigan, Mam, Deine Mariner, Brendan Piakura, Jordan Riki, and Payne Haas have already committed for several years to come.

The Broncos next face the Cowboys on Friday.