Arsenal are reportedly planning to offer manager Arsene Wenger a three-year contract extension worth £8m per year.
The Gunners are hoping to prolong the Frenchman's stay at the Emirates Stadium following the team's 10-match winning streak, according to The Mirror.
The club is said to be hoping to open negotiations with Wenger during next week's international break, and are hopeful that the talks will be fruitful.
Paris Saint-Germain are allegedly keeping tags on the Wenger situation with a view to approaching him when his current deal expires in the summer.
Wenger's 17-year stint at Arsenal makes him the longest-serving manager in English football, but he has not won a trophy since 2005.
