LATEST: Portsmouth chief optimistic over talented youngster's Blues future amid reported West Brom, Birmingham and Huddersfield interest
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The 22-year-old has this season emerged as one of the Blues’ shining lights, making his Football League debut and establishing himself as a regular performer.
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Hide AdPompey activated a club option in May to retain Mingi for an additional 12 months, rendering him out of contract at the end of this season.
According to Cullen, negotiations over a new deal have already begun with the midfielder’s representatives.
And Pompey’s chief executive is optimistic that Mingi will sign.
He told The News: ‘We are in dialogue with Jay and his agent. That is one we would love to tie down if we can and remains an ongoing discussion.
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Hide Ad‘Jay is one who has come to the forefront this year and had some really good performances. He’s still developing and we also hold compensation rights on the basis we have offered him a contract.
‘Jay’s at a level now where you start to look at the next stage for that player in terms of his contract. It’s different for a more experienced pro, who is on a salary that reflects their value.
‘Jay falls into that young category of player. You’ll be looking at what you want to do next with him – and what the player himself wants to do in terms of his career.
‘He’s getting game time and is developing with each appearance. If you speak to Jay, he will acknowledge it’s all part of his development programme and the top-class coaching he gets.
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Hide Ad‘Discussions are ongoing, as with any contract negotiation, particularly when there’s no pressure on either side.
‘They can sometimes become a little protracted, but I would hope we can reach a conclusion pretty soon.’
A number of other Pompey players are also out of contract next summer, including Clark Robertson, Connor Ogilvie, Ronan Curtis, Michael Jacobs and Louis Thompson.
However, Cullen would not be drawn on their individual situations.
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Hide AdHe added: ‘Obviously there are players who are coming to the end of their contracts, but we know where we stand.
‘I wouldn't disclose any of those discussions because I think that’s private, these are confidential matters between players, the club and their agents.’