With six tries to his name in six club games so far this term, Irish are understandably keen to secure the 21-year-old's future and director of rugby Brian Smith says the club are on track to do just that.
"Conversations started the moment I got here. We sat down straight away and started talks about how we could upgrade and extend his contract," said Smith, who took charge at the Madejski in March of last year but lost the likes of Yarde's fellow academy graduates Matt Garvey, Jonathan Joseph and Anthony Watson to Bath during the summer.
"I got here and looked at Marland's contract when he'd just got back from an U20s tour. At that stage he wasn't really on (England head coach) Stuart Lancaster's radar but we identified him here as a talent.
"Things have been moving in a really, really positive direction. One strength of our club is we can help showcase his talent. We have half-backs that can distribute the ball to him, the team has an appetite to play and we have a desire to build game plans around key players. And he is one of our key players."
Yarde has enjoyed a remarkable rise to the top of the English game, shining for his country on the summer tour of Argentina and starting England's win over Australia this month before being forced out of the games against the Pumas and New Zealand with a hip injury.
No time frame has been set for his return but he should be back in the fold when the Exiles get their Amlin Challenge Cup campaign back underway against last season's beaten finalists Stade Francais next month.
Yarde wil line up alongside James O'Connor if he does make it back into first-team action in the near future, with the Wallaby star having joined the club just before the international break. O'Connor has already made a big impression but he has subsequently been linked with a move to Heineken Cup holders Toulon or a return to his homeland once his short-term deal expires at the end of the season.
Smith has always stated he would love to keep his fellow Australian at the club, though, and he insists getting O'Connor and Yarde to sign on the dotted line is already a priority.
"The club is making a massive effort to keep those two big guns in the back three. It would be nice to hold onto James O'Connor and Marland - that is clearly first prize for the club," added Smith.
"I'm working my socks off on the coaching side of things, but I'm director of rugby and stuff like recruitment, retention and squad planning has got me working 24/7."